In another sign that the economy is on the upswing, housing starts increased 8.9% in November, an improvement over the 10.6% decline in October, according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.
Housing starts were at a seasonally adjusted annual rate of 574,000, compared to the revised estimate for October of 527,000. But last month's figures were 12.4% below those of November 2008.
Single-family housing starts rose 2.1% to a seasonally adjusted annual rate of 482,000. Single-family housing completions were unchanged.
Recommended For You
Building permits rose 6% from October's level, to a seasonally adjusted annual rate of 584,000. That's 7.3% below that of November 2008.
Housing starts increased from their October levels in the Northeast, Midwest, South and West by 16.4%, 3%, 12.3% and 1.9%, respectively.
Year-to-year housing starts increased in the Northeast by 14.3% but declined in all regions: 2.8% in the Midwest, 15.2% in the South and 23.4% in the West.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
