Privately owned housing completions in October were at a seasonally adjusted annual rate of 1,391,000, according to estimates released jointly today by the U.S. Commerce Department's Bureau of the Census and the U.S. Department of Housing and Urban Development. This is 3 (+/—7) percent below the revised September rate of 1,431,000, but 1 (+/—7) percent above the October 1996 estimate of 1,375,000.

The October 1997 rate of single-family housing completions was 1,056,000; this is 7 (+/—7) percent below the revised September rate of 1,141,000. The October rate for units in buildings with five units or more was 290,000. The October rate for units in buildings with two to four units was 45,000.

During the first 10 months of this year 1,142,900 housing units were completed compared with 1,148,300 units for the same period in 1996. This is a decrease of less than 1 (+/—2) percent.

At the end of October, the seasonally adjusted estimate of housing units under construction was 853,000; this is 1(+/—1) percent above the revised September figure of 843,000. Of these, 578,000 units were single-family structures, 248,000 were in buildings with five units or more, and 27,000 were in buildings with two to four units.

Completed		Total
by TypeUnits 		1 		2 		3-4 	5+ 

October 97(p)		1,391		1,506		45	290
October 96		1,375		1,129		26	220

Completed
by Location		Northeast	Midwest		South	West

October 97(p)		112		301		632	346
October 96		131		274		642	328

December 4, 1997 U.S. Department of Commerce

Statistics

12/02 CHICAGO BOT DELIVERABLE GRAIN STOCKS

12/02 REDBOOK RETAIL AVERAGES Retail Sales Index

12/04 UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

12/01 U.S. EXPORT INSPECTIONS

12/04 EXPORT SALES REPORT

12/01 NAPM REPORT ON BUSINESS

12/02 COMPOSITE INDEXES OF LEADING, COINCIDENT, AND LAGGING OCTOBER 1997

12/02 OUTLOOK FOR U.S. AGRICULTURAL EXPORTS

12/01 OCTOBER 1997 CONSTRUCTION AT $605.5 BILLION ANNUAL RATE

12/04 HOUSING COMPLETIONS SUMMARY OF FINDINGS

12/03 OCTOBER 1997 NEW HOUSING SALES AT ANNUAL RATE OF 797,000

12/04 PRODUCTIVITY AND COSTS Third Quarter 1997

12/05 THE EMPLOYMENT SITUATION NOVEMBER 1997

12/05 MANUFACTURERS' SHIPMENTS INVENTORIES AND ORDERS OCTOBER 1997

Consensus National Futures and Financial On Line Index

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