Total US housing starts in October were 1.31 million units, down -3% from the revised 1.36 million units in September, and down -4% from October 2023 when it was 1.37 million units.

A forward-looking measure of housing construction, total building permits were almost flat month over month at 1.42 million units, from 1.43 million in September, and fell almost -8% compared to October 2023 when it was 1.53 million units. The number of houses approved for construction that were yet to be started increased +1% to 279,000 units. The single-family homebuilding backlog was flat at 143,00 units.

 

To continue reading the rest of the article, please click on the source link below:

US Housing and Lumber Prices Update: November 2024 – The Malaysian Reserve