Tuesday, December 20, 2011
Tweet[IWS] Census: NEW RESIDENTIAL CONSTRUCTION IN NOVEMBER 2011 [20 December 2011]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Census
Joint Release
U.S. Department of Housing and Urban Development
U.S. Department of Commerce
NEW RESIDENTIAL CONSTRUCTION IN NOVEMBER 2011 [20 December 2011]
http://www.census.gov/newresconst
or
http://www.census.gov/construction/nrc/pdf/newresconst.pdf
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for November 2011:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 681,000. This
is 5.7 percent (±1.6%) above the revised October rate of 644,000 and is 20.7 percent (±1.8%) above the November 2010 estimate of
564,000.
Single-family authorizations in November were at a rate of 435,000; this is 1.6 percent (±1.6%) above the revised October figure of
428,000. Authorizations of units in buildings with five units or more were at a rate of 224,000 in November.
HOUSING STARTS
Privately owned housing starts in November were at a seasonally adjusted annual rate of 685,000. This is 9.3 percent (±13.1%) above
the revised October estimate of 627,000 and is 24.3 percent (±20.1%) above the November 2010 rate of 551,000.
Single-family housing starts in November were at a rate of 447,000; this is 2.3 percent (±8.0%)* above the revised October figure of
437,000. The November rate for units in buildings with five units or more was 230,000.
HOUSING COMPLETIONS
Privately-owned housing completions in November were at a seasonally adjusted annual rate of 542,000. This is 5.6 percent (±11.5%)*
below the revised October estimate of 574,000 and is 1.6 percent (±15.8%)* below the November 2010 rate of 551,000.
Single-family housing completions in November were at a rate of 440,000; this is 0.7 percent (±8.9%)* below the revised October rate
of 443,000. The November rate for units in buildings with five units or more was 99,000.
New Residential Construction data for December 2011 will be released on Thursday, January 19, 2012, at 8:30 A.M. EST.
Our Internet site is: http://www.census.gov/newresconst
________________________________________________________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
****************************************
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 262-6041
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
