Appraisal Podcasts

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for October 2006:

BUILDING PERMITS

Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,535,000. This is 6.3 percent (±1.2%) below the revised September rate of 1,638,000 and is 28.0 percent (±1.2%) below the October 2005 estimate of 2,131,000. Single-family authorizations in October were at a rate of 1,173,000; this is 3.8 percent (±1.3%) below the September figure of 1,219,000. Authorizations of units in buildings with five units or more were at a rate of 294,000 in October.

HOUSING STARTS

Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,486,000. This is 14.6 percent (±7.6%) below the revised September estimate of 1,740,000 and is 27.4 percent (±5.3%) below the October 2005 rate of 2,046,000. Single-family housing starts in October were at a rate of 1,177,000; this is 15.9 percent (±7.4%) below the September figure of 1,400,000. The October rate for units in buildings with five units or more was 266,000.

HOUSING COMPLETIONS

Privately-owned housing completions in October were at a seasonally adjusted annual rate of 1,953,000. This is 3.8 percent (±7.9%)below the revised September estimate of 2,031,000 and is 0.7 percent (±7.5%)below the October 2005 rate of 1,967,000. Single-family housing completions in October were at a rate of 1,561,000; this is 8.3 percent (±7.6%) below the September figure of 1,702,000. The October rate for units in buildings with five units or more was 348,000.

The full report can be found here

This entry was posted on Friday, November 17th, 2006 at 3:27 pm and is filed under Single Family. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.