U.S. Census Bureau: Monthly New Residential Construction, November 2020

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for November 2020:

Building Permits

Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,639,000. This is 6.2 percent (±1.5 percent) above the revised October rate of 1,544,000 and is 8.5 percent (±1.8 percent) above the November 2019 rate of 1,510,000. Single-family authorizations in November were at a rate of 1,143,000; this is 1.3 percent (±0.8 percent) above the revised October figure of 1,128,000. Authorizations of units in buildings with five units or more were at a rate of 441,000 in November.

Housing Starts

Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,547,000. This is 1.2 percent (±8.6 percent)* above the revised October estimate of 1,528,000 and is 12.8 percent (±11.3 percent) above the November 2019 rate of 1,371,000. Single-family housing starts in November were at a rate of 1,186,000; this is 0.4 percent (±7.9 percent)* above the revised October figure of 1,181,000. The November rate for units in buildings with five units or more was 352,000.

Housing Completions

Privately-owned housing completions in November were at a seasonally adjusted annual rate of 1,163,000. This is 12.1 percent (±5.6 percent) below the revised October estimate of 1,323,000 and is 4.8 percent (±10.6 percent)* below the November 2019 rate of 1,222,000. Single-family housing completions in November were at a rate of 874,000; this is 0.6 percent (±7.5 percent)* below the revised October rate of 879,000. The November rate for units in buildings with five units or more was 280,000.

For the full November report, click here.

Source: U.S. Census Bureau