Housing Starts Surge 25% in October to 1.323 Million; More Moderate Growth Likely

Housing Starts Surge 25% in October to 1.323 Million; More Moderate Growth Likely

Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,323,000, which is 25.5% above the revised September estimate of 1,054,000 and is 23.3% above the October 2015 rate of 1,073,000. Single-family housing starts in October were at a rate of 869,000. This is 10.7% above the revised September figure of 785,000. The October rate for units in buildings with five units or more was 445,000.

Don Leavens, chief economist of the National Electrical Ma

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish