StartsIntentQ32014NSA quarterly intent for four start categories since  1975: single family built for sale, owner built (includes contractor built for  owner), starts built for rent, and condos built for sale.
Single family starts built for sale were up about 4% compared to  Q3 2013.
Owner built starts were up 20% year-over-year.  And condos  built for sale are just above the record low.
The ‘units built for  rent’ has increased significantly and is at the highest level since the mid-80s.

Housing starts numbers continue to oscillate.  October weakness was in the multifamily component which swings sharply on a monthly basis.  The single-family component may be gaining mild strength.  Housing starts declined 2.8 percent after a 7.8 percent spike in September.  The 1.009 million unit pace was up 7.8 percent on a year-ago basis.  Market expectations were for 1.028 million units.

Multifamily starts swung sharply-dropping a monthly 15.4 percent in October, following a 14.9 percent surge the month before.  Single-family starts gained 4.2 percent in both October and September.

Housing permits, however, showed momentum with a 4.8 percent gain in October after a 2.8 percent boost the month before.  The 1.080 million unit pace was up 1.2 percent on a year-ago basis.  Analysts projected 1.035 million units.

Multifamily permits jumped 10.0 percent in October, following a 6.4 percent gain in September.  Single-family permits rose somewhat with a 1.4 percent increase after a 0.6 percent rise in September.