Housing starts are up, but not much
The story for single-family starts was similar -- ahead of last month, but below last year's pace. The government data released Thursday morning showed single-family housing starts in November were at a rate of 465,000 -- 6.9% above October's revised figure, but below November 2009's pace of 504,000.
Building permits declined 4.0% compared to October, and declined 14.7% compared to the November 2009 estimate.
On a regional basis, the Northeast led the nation in positive numbers. Compared with last year, total starts and single-family starts increased 19.7% and 19.1%, respectively. On a month to month basis, Northeastern starts declined slightly.
In the Midwest, total and single-family starts increased 15.8% and 15.1%, respectively, compared with October.
On the negative end of the regional spectrum, single-family starts in the West declined 23.6% compared with November 2009.