The July 2011 Residential construction report showed Housing starts decreased -1.5% from June, to a level of 604,000. This is 9.8% above July 2010, or 550,000 housing starts. New Residential Construction has a margin of error often above the monthly percentage increases, so take these monthly changes with a grain of salt. July, for example, has a error margin of 10.8 percentage points.
The June 2011 Residential construction report showed Housing starts increased 14.6% from May to a level of 629,000. This is 16.7% above June 2010 and a 6 month high. New Residential Construction has a margin of error often above the monthly percentage increases, so take these monthly changes with a grain of salt. June, for example, has a error margin of 10.9 percentage points.
Housing Starts and Building Permit statistics for October were released today and showed an 11.7% drop from September.
Privately-owned housing starts in October 2010 were at a seasonally adjusted annual rate of 519,000. This is 11.7 percent below the revised September 2010 estimate of 588,000.
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