The best news from today’s report was that building permits rose 4.8% in October, as single-family and multi-family permits rose 1.4% and 10% respectively. Permits now stand at the highest level since June 2008, signaling future gains in home building in the months to come.
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Housing starts fell in May after last month’s double-digit, but at the same time there was a big push in permits for future construction – a surge taking permits to near the highest its been.
U.S. Housing Starts Rebound In October But Building Permits Drop By RTTNews Staff Writer | Published: 11/20/2018 9:11 AM ET Housing starts in the U.S. rebounded in the month of October, according to a report released by the Commerce Department on Tuesday, although the report also showed a decrease in building permits.
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September starts were revised up to a 1.038 million annual rate, representing an increase of 7.8 per cent from August. The initial reading was a 6.3 per cent gain. September permits were unrevised.
5 Top Construction Picks as Housing Starts Hit 9-Year High. single-family home construction jumped 10.7%, reaching a rate of 869,000, the highest since Oct 2007. Work on multi-family homes, such as townhouses, condominiums and apartment buildings, also posted a dramatic rebound, clocking a staggering 68.8% gain to hit a rate of 454,000 in October.
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Housing starts in December were at a seasonally adjusted annual rate of about 1.192 million – a decrease of 8.2% compared with a revised 1.299 million in November and a decrease of 6% compared with 1.268 million in December 2016, according to estimates released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Housing starts drop sharply in October october housing starts fell 2.8% to an annual rate of 1.009 million units due to a decline in apartment construction. WSJ’s Polya Lesova and Simon Constable.
Building permits increase 5.5% in October.. Click on the graph to see housing permit issuance throughout the region.. Housing starts drop 2.8% in October but permits up.
Housing Starts Drop 6% in September Washington, October 19-Housing starts fell much more than expected during September, but permits for future building posted a surprise increase.
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