Housing Economics - 11/20/2007 (Plain Text Version)
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E-mail Our Editor In this issue: Multifamily Construction Lifts Total Housing Starts in OctoberHousing starts totaled 1.229 million units, seasonally adjusted, in October, 3 percent above September’s pace but 16 percent below the same period one year earlier. Multifamily output soared 44 percent in October to an annual rate of 345,000, following a weak September performance, while single-family starts continued to decline, falling 7 percent from September to 884,000. Total permits fell 7 percent in October 1.178 million with both the single and multifamily sectors contributing to the overall decline.
Housing starts totaled 1.229 million units, seasonally adjusted, in October, 3 percent above September’s pace but 16 percent below the same period one year earlier. Multifamily output soared 44 percent in October to an annual rate of 345,000, following a weak September performance, while single-family starts continued to decline, falling 7 percent from September to 884,000. Total permits fell 7 percent in October 1.178 million with both the single and multifamily sectors contributing to the overall decline. NAHB related press release: "Builder Confidence Remains Unchanged in November" Read additional information and download data (Excel) for Housing Starts & Permits.
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