The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for October 2025. Privately owned housing starts were at a seasonally adjusted annual rate (SAAR) of 1,246,000 in October 2025. This was down 4.6% from September’s revised rate of 1,306,000 and 7.8% below the October 2024 level of 1,352,000. Single-family housing starts rose to a SAAR of 874,000 in October, up 5.4% from the revised September rate of 829,000. …Building permits were at a SAAR of 1,412,000 in October, down 0.2% from the revised September rate of 1,415,000 and 1.1% below the October 2024 level of 1,428,000.