U.S. Recorded Further Increases in Private Housing Permits, November 2020

U.S. privately-owned housing unit’s permits rose 6.2% to 1,639,000, up from October’s rate of 1,544,000, according to the Census Bureau press release. The authorizations rose 8.5% above the November 2019 rate of 1,510,000. 

• Housing Permits
  • Single-family authorizations in November rose 1.3% to 1,143,000.
  • Authorizations of units in buildings with five units or more were at a rate of 441,000 in November.

• Housing Starts
  • Privately-owned housing starts in November were at an annual rate of 1,547,000, a 1.2% rise from October’s estimate of 1,528,000 and up 12.8% year over year.
  • Single-family housing starts in November were at a rate of 1,186,000, a 0.4% increase from October.
  • The November permits for buildings with five units, or more were 352,000.

• Housing Completions
  • In November, privately-owned housing completions were at an annual rate of 1,163,000, a 12.1% decline from October’s 1,323,000 and a 4.8% fall year over year.
  • Single-family completions in November were at a rate of 874,000, a 0.6% fall from October.
  • The November rate for units in buildings with five units or more was 280,000.

SPDR S&P Homebuilders ETF is currently gaining. XHB is up 2.01%