National new home starts and completions; December 2021

FOR RELEASE AT 8:30 AM EST, THURSDAY, DECEMBER 17, 2020
MONTHLY NEW RESIDENTIAL CONSTRUCTION, NOVEMBER 2020
Release Number: CB20-194
December 17, 2020 – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly
announced the following new residential construction statistics for November 2020:
NEW RESIDENTIAL
CONSTRUCTION
NOVEMBER 2020
Building Permits: 1,639,000
Housing Starts: 1,547,000
Housing Completions: 1,163,000
Next Release: January 21, 2021
Seasonally Adjusted Annual Rate
Source: U.S. Census Bureau, HUD, December 17, 2020
Building Permits
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual
rate of 1,639,000. This is 6.2 percent (±1.5 percent) above the revised October rate of 1,544,000 and is 8.5 percent
(±1.8 percent) above the November 2019 rate of 1,510,000. Single-family authorizations in November were at a rate
of 1,143,000; this is 1.3 percent (±0.8 percent) above the revised October figure of 1,128,000. 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 a seasonally adjusted annual rate of 1,547,000. This is 1.2
percent (±8.6 percent)* above the revised October estimate of 1,528,000 and is 12.8 percent (±11.3 percent) above
the November 2019 rate of 1,371,000. Single-family housing starts in November were at a rate of 1,186,000; this is
0.4 percent (±7.9 percent)* above the revised October figure of 1,181,000. The November rate for units in buildings
with five units or more was 352,000.
Housing Completions
Privately-owned housing completions in November were at a seasonally adjusted annual rate of 1,163,000. This is
12.1 percent (±5.6 percent) below the revised October estimate of 1,323,000 and is 4.8 percent (±10.6 percent)*
below the November 2019 rate of 1,222,000. Single-family housing completions in November were at a rate of
874,000; this is 0.6 percent (±7.5 percent)* below the revised October rate of 879,000. The November rate for units
in buildings with five units or more was 280,000.

About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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