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Saturday, December 20, 2025

Housing Starts Dive 18.7 Percent: Mortgage Rates Soar

Courtesy of Mish.

The often volatile housing starts numbers took another dive this report, down 18.7% in November according to the Census Bureau New Residential Construction report for November 2016.

Housing starts 1959-Present

housing-starts-2016-11a

Year-Over-Year Detail Since 1994

housing-starts-2016-11c

New Residential Construction Details

  • Permits down 4.7% from October
  • Permits down 6.6% from year ago
  • Starts down 18.7% from October
  • Starts down 6.9% from year ago
  • Completions up 15.4% in October
  • Completions up 25% from year ago

Mortgage Rates Soar

mortgage-rates-2016-12-16a

Mortgage rates have risen 104 basis points (1.04 percentage points) since July 8.


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