Single-Family, Multi-Family Starts Flourished In November

U.S. housing starts increased a whopping 11.8% in November over October to a seasonally adjusted annual rate of 1.679 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. It’s also 8.3% above November 2020.

Single-family starts were at a rate of 1.173 million, 11.3% higher than October, while multi-family starts (five units or more) were 491,000, up 12.1% over October.

U.S. housing starts had consecutive declines the previous two months. The total starts number of 1.679 million and single-family of 1.173 million were both the second highest monthly adjusted annual numbers of 2021, while multi-family November of 491,000 was the highest monthly adjusted annual rate in 2021.

Housing building permits were at a seasonally adjusted rate of 1.712 million, 3.6% above October, including 1.103 single-family, up 2.7%, and 560,000 multi-family, up 6.1%.

RELATED ARTICLES

Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good

Housing Starts Show Modest Decline In September

Multi-Family Leads Way In U.S. Housing Jump

Housing Starts Dip, Permits Still Gain

Housing Starts Gain Steam, Though Permits Show Slight Decline

Housing Starts Increase In May, Far Ahead Of One Year Ago

Single-Family Starts Dip, But Multi-Family Ticks Upward

U.S. Housing Starts Hit A High Note

U.S. Housing Dips Again in February; Pandemic Started Hitting Home A Year Ago

Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good

Housing Starts Finish Year With A Bang

U.S. Housing Starts Continue Upward

U.S. Single-Family Starts Jump for Sixth Month In Row

Single-Family Housing Starts Rise Again

Single-Family Housing Starts Go Up

U.S. Housing Starts Show Big Increase