New Housing Starts October 2016

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CBRE #01044712

On November 17, 2016, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reported nationwide housing building permits gained 0.3% to 1,129,000 units in October of 2016 from 1,125,000 units in September of 2016, and up 4.6% from 1,175,000 units in October of 2015. Single family building permits were up 2.7% to a rate of 762,000 units in October of 2016 from 742,000 units in September of 2016, and there were 439,000 multi family building permits issued in October of 2016.

Nationwide housing starts jumped 25.5% to 1,323,000 units in October of 2016, from 1,054,000 units in September of 2016, and rose 23.3% from 1,073,000 units in October of 2015. Single family starts were higher 10.7% to a rate of 869,000 units in October of 2016 from 785,000 in September of 2016, and there were 445,000 multi family building starts in October of 2016.

Nationwide housing completions increased 5.5% to 1,055,000 units in October of 2016 from 1,000,000 units in September of 2016, and gained 7.2% from 984,000 units in October of 2015. Single family completions jumped 3.9% to a rate of 749,000 units in October of 2016, from 721,000 units in September of 2016, and there were 300,000 multi family completions in October of 2016.

Regionally, housing building permits in the Northeast fell 21.1% in October of 2016 from September of 2016, and dropped 19.2% from October of 2015. In the Midwest permits rose 12.1% in October of 2016 from September of 2016, and jumped 15.9% from October of 2015. In the South permits decreased 2.4% in October of 2016 from September of 2016, and down 4.2% more from October of 2015. In the West permits were higher 7.5% in October of 2016 from September of 2015, and gained 28.8% from October of 2015.

For complete more detailed information about U.S. Department of HUD and the U.S. Census Bureau on new housing start and housing permit request in October of 2016, please CLICK HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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Rainmaker
2,474,418
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning John. Things looking good for an excellent 2017! Enjoy your day!

Nov 17, 2016 09:20 PM #1
Rainmaker
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Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

John

You sure keep your readers up to date on the real estate market there. Keep up the good work, cheers cvc

Nov 18, 2016 03:26 AM #2
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Wayne, yes things looking good for 2017. Thanks for the comment.

 

Nov 18, 2016 04:23 AM #3
Rainmaker
2,266,402
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Curtis, I like to provide the best data. Thanks for the comment. Cheers!

Nov 18, 2016 04:25 AM #4
Rainmaker
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

New starts are definately up in our market too. The builders are out more than six months before they can start a new dig.

Nov 18, 2016 10:43 AM #5
Rainmaker
2,266,402
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Evelyn Johnston  I agree, new starts are higher in many market. Thanks for the comment.

Nov 18, 2016 11:55 AM #6
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Rainmaker
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John Pusa

Your All Time Realtor With Exceptional Service
I will be very happy to assist you with your real estate needs.
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