Housing Starts – October 2015

Housing Starts:
Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,060,000. This is 11.0 percent below the revised September estimate of 1,191,000 and is 1.8 percent below the October 2014 rate of 1,079,000.

Single-family housing starts in October were at a rate of 722,000; this is 2.4 percent below the revised September figure of 740,000. The October rate for units in buildings with five units or more was 327,000.

Building Permits:
Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,150,000. This is 4.1 percent above the revised September rate of 1,105,000 and is 2.7 percent above the October 2014 estimate of 1,120,000.

Single-family authorizations in October were at a rate of 711,000; this is 2.4 percent above the revised September figure of 694,000. Authorizations of units in buildings with five units or more were at a rate of 405,000 in October.

By | 2015-11-24T12:38:33+00:00 November 24th, 2015|Categories: Leading|0 Comments

About the Author:

Bryan Sanford is Vice President and Investment Officer of Charter Trust Company. He joined the firm in 2009 and is based in our Concord NH office. Mr. Sanford received his Bachelors of Science degree from the University of New Hampshire, Durham. Mr. Sanford has held the FINRA Series 7 license. Prior to joining Charter Trust, Mr. Sanford served in the United States Marine Corps as an infantryman. He participated in Operation Iraqi Freedom, touring in Fallujah, Iraq.

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