US: Housing starts rise 1.5% in October following September's 5.5% decline

"Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,228,000.  This is 1.5 percent above the revised September estimate of 1,210,000, but is 2.9 percent below the October 2017 rate of 1,265,000,"  The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced on Tuesday.

Key takeaways from the press release

• Privately‐owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,263,000.  This is 0.6 percent below the revised September rate of 1,270,000 and is 6.0 percent below the October 2017 rate of 1,343,000.  
• Privately‐owned housing completions in October were at a seasonally adjusted annual rate of 1,111,000.  This is 3.3 percent below the revised September estimate of 1,149,000 and  s 6.5 percent below the October 2017 rate of 1,188,000.