Solid November Housing Report | Bedford Real Estate

Housing starts and permits had double digit positive moves in November as reported by the Census Bureau and HUD. The November starts figures rebounded from a low October level but still managed to exceed half of the monthly levels reported for 2015. Single-family starts were up 7.6% to 768,000, their highest level since January 2008. Every region except the Midwest experienced a rise in single-family starts.
Permits also peaked at their highest level since August 2007 at 1,289,000 which was up 11% from an upwardly revised October. Single-family permits were up modestly but enough to also set an eight year record of 723,000. Single-family permits rose in every region except the South, which was still the second highest of the year.

Single-family Starts (000)
Multifamily starts rose 16.4% offsetting a 25% drop in October to a 405,000 level and very near the average so far this year of 396,000. Multifamily permits jumped to 566,000, a 26.9% rise, well above the year-to-date average of 481,000.


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About Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

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