Housing Economics - 11/18/2009 (Plain Text Version)

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In this issue:
Housing Starts Decline in October
The National Outlook
Housing Market Statistics At-A-Glance

Housing Starts Decline in October

Nationwide housing production fell 10.6 percent to a seasonally adjusted annual rate of 529,000 units in October as builders awaited word on whether an important home buyer incentive would be extended, according to data released today by the U.S. Commerce Department.

Housing Starts and Building Permits for September 2009
	DATE	CURRENT		LAST	% Change	Download Starts and Permits
Starts	11/18/2009	529Th		592Th	-10.6%
Permits	11/18/2009	552Th		575Th	-4.0%

Nationwide housing production fell 10.6 percent to a seasonally adjusted annual rate of 529,000 units in October as builders awaited word on whether an important home buyer incentive would be extended, according to data released today by the U.S. Commerce Department. Single-family housing starts declined 6.8 percent in October to a seasonally adjusted annual rate of 476,000 units, the slowest pace since May of this year. Meanwhile, multifamily housing starts fell by a dramatic 34.6 percent to a seasonally adjusted annual rate of just 53,000 units - the slowest pace on record.

Download data for Housing Starts & Permits.

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