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Building Permits and Housing Starts in line with market forecast

Tuesday, Dec 16 2014

Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,035,000, in line with market forecast. This is 5.2% below the revised October rate of 1,092,000 and is 0.2% below the November 2013 estimate of 1,037,000. Single-family authorizations in November were at a rate of 639,000; this is 1.2% below the revised October figure of 647,000. Authorizations of units in buildings with five units or more were at a rate of 367,000 in November.

Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,028,000, also in line with market forecast. This is 1.6% below the revised October estimate of 1,045,000 and is 7.0% below the November 2013 rate of 1,105,000. Single-family housing starts in November were at a rate of 677,000; this is 5.4% below the revised October figure of 716,000. The November rate for units in buildings with five units or more was 340,000.

 

Regardless of figures USD remained lower, with euro currently being traded around 1.2520 level, Sterling near 1.5750 area and Aussie few points above 0.8230 level.  

Last modified on Tuesday, 16 December 2014
More in this category: « UK CPI has fallen to a 12-year low Number of unemployed in Great Britain down by 26,900 »

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