Building permits in October 2012 were at a seasonally adjusted annual rate of 866,000, down 2.7 percent from the revised September rate but up 29.8 percent from October 2011. Housing starts in October 2012 were at a seasonally adjusted annual rate of 894,000, up 3.6 percent from the revised September estimate and up 41.9 percent from October 2011.
New Residential Construction, also known as "housing starts and building permits," is a monthly report released by the Economics & Statistics Administration, U.S. Department of Commerce, from data gathered by the Census Bureau and the Dept. of Housing and Urban Development on the construction of private residential structures, such as single-family homes and apartment buildings.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only, registered investment adviser. Since 1999, Chris has devoted himself to the practice of financial planning services – helping individual investors seeking to make money, save money, protect money, have convenience and peace of mind. Connect with Chris@BryantWealthManagement.com.
Chris Bryant is an American financial advisor.