U.S.: Building Permits up 1.2% in October 2014

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Census Bureau
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The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for October 2014:

BUILDING PERMITS
Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,080,000. This is 4.8 percent (±1.3%) above the revised September rate of 1,031,000 and is 1.2 percent (±1.2%) above the October 2013 estimate of 1,067,000.
Single-family authorizations in October were at a rate of 640,000; this is 1.4 percent (±1.2%) above the revised September figure of 631,000. Authorizations of units in buildings with five units or more were at a rate of 406,000 in October.


HOUSING STARTS
Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,009,000. This is 2.8 percent (±10.0%)* below the revised September estimate of 1,038,000, but is 7.8 percent (±8.7%)* above the October 2013 rate of 936,000.
Single-family housing starts in October were at a rate of 696,000; this is 4.2 percent (±8.8%)* above the revised September figure of 668,000. The October rate for units in buildings with five units or more was 300,000.


HOUSING COMPLETIONS
Privately-owned housing completions in October were at a seasonally adjusted annual rate of 881,000. This is 8.8 percent (±14.7%) below the revised September estimate of 966,000, but is 8.1 percent (±13.0%)* above the October 2013 rate of 815,000.
Single-family housing completions in October were at a rate of 585,000; this is 7.4 percent (±9.5%)* below the revised September rate of 632,000. The October rate for units in buildings with five units or more was 289,000.

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