Strong Multifamily Sector Pushes Building Permits Above 1 Million in October via NAHB

Issuance of new building permits rose 6.2 percent to a seasonally adjusted annual rate of 1.034 million units in October due primarily to a double-digit increase on the multifamily side, the U.S. Census Bureau reported today.

This follows a 5.2 percent increase in permit issuance in September to 974,000 units.

Census figures for nationwide housing starts for September and October have been delayed until Dec. 18 as a result of last month’s partial government shutdown.

Read more...NAHB: Strong Multifamily Sector Pushes Building Permits Above 1 Million in October