Housing Starts Rise 5.3% In November

Privately owned housing starts in November were at a seasonally adjusted annual rate of 2. 123 million units. This is 5.3 percent above the revised October estimate of 2.017 million units and is 17.5 percent above the November 2004 rate of 1.807 million units.

Single-family housing starts in November 2005 were at a rate of 1.808 million; this is 4.8 percent above the October figure of 1.725 million.

The November rate for units in buildings with five units or more was 277,000.