Housing starts were at an annual rate of 1.52 million in October, down 0.7% compared with September but up 0.4% compared with October 2020, according to estimates from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.
Supply chain constraints, materials shortages, and a tight labor market were factors slowing overall production.
Starts of detached single family homes were at an annual rate of 1.039 million, a decrease of 3.9% compared