Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 12 20131220em Startsmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 12 20131220em Startsmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 12 20131220em Startsmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 12 20131220em Startsmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 12 20131220em Startsmap

Housing Starts Surge in November

Dec. 20, 2013
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,091,000, 22.7% above the revised October estimate of 889,000 and 29.6% above the November 2012 rate of 842,000.
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,091,000, 22.7% above the revised October estimate of 889,000 and 29.6% above the November 2012 rate of 842,000, according to the U.S. Census Bureau. Single-family housing starts in November were at a rate of 727,000, 20.8% above the revised October figure of 602,000. The November rate for units in buildings with five units or more was 354,000.

“Single-family and multi-family starts are at five-year highs, providing additional evidence that the recovery is here to stay,” said NAHB Chief Economist David Crowe. “We hit a soft spot this fall when interest rates jumped and the government closed down, but mortgage rates still remain very affordable and pent-up demand is helping to boost the housing market. We expect a continued steady, gradual growth in starts and home sales in 2014.”