New Construction Up, Permits and Completed Const Off

Despite weakening housing permits and completed construction, new construction rose last month. In the West, new construction soared as completed construction plummeted.

In permit-issuing places, there were 96,500 privately owned single-family housing units that were authorized by building permits during November.

Last month’s activity brought the number of building permits issued from Jan. 1 through Nov. 30 of this year to 1.1673 million.

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From:: Financing