U.S. Census Bureau: Monthly New Residential Construction, November 2021
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 2021:
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,712,000. This is 3.6 percent (±0.9 percent) above the revised October rate of 1,653,000 and is 0.9 percent (±2.0 percent)* above the November 2020 rate of 1,696,000. Single-family authorizations in November were at a rate of 1,103,000; this is 2.7 percent (±1.1 percent) above the revised October figure of 1,074,000. Authorizations of units in buildings with five units or more were at a rate of 560,000 in November.
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,679,000. This is 11.8 percent (±15.2 percent)* above the revised October estimate of 1,502,000 and is 8.3 percent (±14.3 percent)* above the November 2020 rate of 1,551,000. Single-family housing starts in November were at a rate of 1,173,000; this is 11.3 percent (±15.8 percent)* above the revised October figure of 1,054,000. The November rate for units in buildings with five units or more was 491,000.
Privately-owned housing completions in November were at a seasonally adjusted annual rate of 1,282,000. This is 4.1 percent (±13.5 percent)* above the revised October estimate of 1,231,000 and is 3.1 percent (±13.6 percent)* above the November 2020 rate of 1,244,000. Single-family housing completions in November were at a rate of 910,000; this is 0.1 percent (±12.0 percent)* below the revised October rate of 911,000. The November rate for units in buildings with five units or more was 364,000.
For the full November report, click here.
Notice of methodology change: Beginning with the January 2022 New Residential Construction release on February 17, 2022, the monthly Building Permits Survey design will change from a representative sample to a cut-off sample. This change will allow complete local and county data on new housing units authorized by permits to be published on a monthly basis going forward. For additional details on this change and the impact on New Residential Construction, see our FAQ document.
The December report is scheduled for release on January 19, 2022. View the full schedule in the Economic Briefing Room: <www.census.gov/economic-indicators/>. The full text and tables for this release can be found at <www.census.gov/construction/nrc/>.
Source: U.S. Census Bureau