US October housing starts 1.520M versus 1.576M estimate

US October housing starts and building permits October

• prior report
• Housing starts 1.520M vs 1.576M estimate. Previous month 1.53 million revised from 1.555 million
  
• Building permits 1.650Mvs 1.638M estimate. Previous month 1.586 million unchanged from last month's reading
  
• Housing starts were down -0.7% versus -1.6% last month
  
• building permits rose 4.0% versus -7.8% last month
  
• single-family housing starts came in at 1.039M, -3.9% versus September (1.081M)
  
• multifamily housing starts came in at 470,000
  
• privately owned housing completions came in at annual rate of 1.242M, unchanged from the previous month. The completions data is lower than the October 2020 rate of 1.356M. Single-family housing completions came in at 929,000 (-1.7%). Multi-unit pace came in at 302,000.
  

The mixed report with housing starts lower while building permits, and higher.

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November 18, 2021 at 01:30AM
Greg Michalowski
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