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October New Housing Starts Up 13.7%

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development released its data for new residential construction statistics for October 2017.

November 17, 2017

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development released its data for new residential construction statistics for October 2017 today.

Starts - 37.4 percent higher in Northeast region

Privately owned housing starts in October were at a seasonally adjusted annual rate of 1,290,000. This is 13.7 percent above the revised September estimate of 1,135,000, but is 2.9 percent below the October 2016 rate of 1,328,000.

  • Single-family housing starts in October were at a rate of 877,000, 5.3 percent above the revised September figure of 833,000.
  • The October rate for units in buildings with five units or more was 393,000.
  • Northeast region strongest with a 37.4 percent hike from September.

Completions - Up 15.5 percent over last year

Privately owned housing completions in October were at a seasonally adjusted annual rate of 1,232,000, 12.6 percent above the revised September estimate of 1,094,000 and is 15.5 percent above the October 2016 rate of 1,067,000.

  • Single-family housing completions in October were at a rate of 793,000, 2.6 percent above the revised September rate of 773,000.
  • The October rate for units in buildings with five units or more was 433,000.
  • South region lowest at 7.2 percent completion since September but still up 18.8 percent Y2Y.

Building Permits - 5.9 percent over September's totals

Privately owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,297,000. This is 5.9 percent above the revised September rate of 1,225,000 and is 0.9 percent above the October 2016 rate of 1,285,000.

  • Single-family authorizations in October were at a rate of 839,000; this is 1.9  percent above the revised September figure of 823,000.
  • Authorizations of units in buildings with five units or more were at a rate of 416,000 in October.
  • Greatest one-month increase was in the West, up 13.0 percent.

For all the U.S. Census Bureau October new residential construction data, click here:

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