MONTHLY NEW RESIDENTIAL CONSTRUCTION, NOVEMBER 2018

Release Number: CB18‐194

December 18, 2018 ‐ The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly
announced the following new residential construction statistics for November 2018:
NEW RESIDENTIAL
CONSTRUCTION
NOVEMBER 2018
Building Permits: 1,328,000
Housing Starts: 1,256,000
Housing Completions: 1,099,000
Next Release: January 17, 2019
Seasonally Adjusted Annual Rate
Source: U.S. Census Bureau, HUD, December 18, 2018

Building Permits
Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual
rate of 1,328,000. This is 5.0 percent (±1.6 percent) above the revised October rate of 1,265,000 and is 0.4 percent
(±1.7 percent)* above the November 2017 rate of 1,323,000. Single‐family authorizations in November were at a
rate of 848,000; this is 0.1 percent (±1.4 percent)* above the revised October figure of 847,000. Authorizations of
units in buildings with five units or more were at a rate of 441,000 in November.

Housing Starts
Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,256,000. This is 3.2
percent (±9.8 percent)* above the revised October estimate of 1,217,000, but is 3.6 percent (±9.4 percent)* below
the November 2017 rate of 1,303,000. Single‐family housing starts in November were at a rate of 824,000; this is
4.6 percent (±8.4 percent)* below the revised October figure of 864,000. The November rate for units in buildings
with five units or more was 417,000.

Housing Completions
Privately‐owned housing completions in November were at a seasonally adjusted annual rate of 1,099,000. This is
0.4 percent (±8.7 percent)* above the revised October estimate of 1,095,000, but is 3.9 percent (±11.5 percent)*
below the November 2017 rate of 1,144,000. Single‐family housing completions in November were at a rate of
772,000; this is 5.4 percent (±7.6 percent)* below the revised October rate of 816,000. The November rate for units
in buildings with five units or more was 314,000.