Free Trial

US Data: New Residential Construction - Summary>

Release for:         November 2018
Source: U.S. Commerce Department
Thousands of units, seasonally adjusted
*Calculations by MNI
                                             yr-ago % chg mo/mo:   % chg
                         Nov-18 Oct-18 Sep-18 Nov-17 Nov-18 Oct-18  y/y:
Housing starts             1256   1217   1237   1303    3.2   -1.6   -3.6
  (previous)                --    1228   1210    --     --     --     --
  Single-family             824    864    879    948   -4.6   -1.7  -13.1
    1-fam % of total       65.6   71.0   71.1   72.8    --     --     --
  Total multi-family*       432    353    358    355   22.4   -1.4   21.7
    multi-fam % of total   34.4   29.0   28.9   27.2    --     --     --
  Northeast                 124     90    141     93   37.8  -36.2   33.3
  Midwest                   156    193    171    178  -19.2   12.9  -12.4
  South                     687    597    568    678   15.1    5.1    1.3
  West                      289    337    357    354  -14.2   -5.6  -18.4
Housing starts (unadj)     95.9  106.1  109.7   97.9   -9.6   -3.3   -2.0
Building permits           1328   1265   1270   1323    5.0   -0.4    0.4
  Single-family             848    847    854    864    0.1   -0.8   -1.9
    1-fam % of total       63.9   67.0   67.2   65.3    --     --     --
  Total multi-family*       480    418    416    459   14.8    0.5    4.6
    multi-fam % of total   36.1   33.0   32.8   34.7    --     --     --
  Northeast                 120    120     95    113    0.0   26.3    6.2
  Midwest                   177    186    171    187   -4.8    8.8   -5.3
  South                     708    641    664    660   10.5   -3.5    7.3
  West                      323    318    340    363    1.6   -6.5  -11.0
Building permits (unadj)  101.7  112.6   99.4   98.8   -9.7   13.3    2.9
Completions                1099   1095   1148   1144    0.4   -4.6   -3.9
  Single-family             772    816    835    781   -5.4   -2.3   -1.2
    1-fam % of total       70.2   74.5   72.7   68.3    --     --     --
  Total multi-family*       327    279    313    363   17.2  -10.9   -9.9
    multi-fam % of total   29.8   25.5   27.3   31.7    --     --     --
Completions (unadj)        91.8   98.4  100.9   95.1   -6.7   -2.5   -3.5
Homes Not Started           177    171    168    152    3.5    1.8   16.4
Homes Under Construction   1148   1140   1132   1104    0.7    0.7    4.0
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$,MAUH0$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.