National new home metrics; October, 2021

MONTHLY NEW RESIDENTIAL CONSTRUCTION, OCTOBER 2021
November 17, 2021 ‐ The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for October 2021:
NEW RESIDENTIAL CONSTRUCTION
OCTOBER 2021
Building Permits: 1,650,000
Housing Starts: 1,520,000
Housing Completions: 1,242,000
Next Release: December 16, 2021
Seasonally Adjusted Annual Rate (SAAR)
Source: U.S. Census Bureau, HUD, November 17, 2021

Building Permits
Privately‐owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,650,000. This is 4.0 percent (±1.5 percent) above the revised September rate of 1,586,000 and is 3.4 percent (±1.6 percent) above the October 2020 rate of 1,595,000.

Single‐family authorizations in October were at a rate of 1,069,000; this is 2.7 percent (±1.2 percent) above the revised September figure of 1,041,000. Authorizations of units in buildings with five units or more were at a rate of 528,000 in October.

Housing Starts
Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,520,000. This is 0.7 percent (±12.2 percent)* below the revised September estimate of 1,530,000, but is 0.4 percent (±12.3 percent)* above the October 2020 rate of 1,514,000. Single‐family housing starts in October were at a rate of 1,039,000; this is 3.9 percent (±9.5 percent)* below the revised September figure of 1,081,000. The October rate for units in buildings with five units or more was 470,000.

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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