Research >> Economics
September Housing Starts up 6.5%, Permits down 5.0%
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BUILDING PERMITS
Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,103,000. This is 5.0 percent (±1.4%) below the revised August rate of 1,161,000, but is 4.7 percent (±2.0%) above the September 2014 estimate of 1,053,000. Single-family authorizations in September were at a rate of 697,000; this is 0.3 percent (±1.9%)* below the revised August figure of 699,000. Authorizations of units in buildings with five units or more were at a rate of 369,000 in September.
HOUSING STARTS
Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,206,000. This is 6.5 percent (±16.4%)* above the revised August estimate of 1,132,000 and is 17.5 percent (±18.0%)* above the September 2014 rate of 1,026,000. Single-family housing starts in September were at a rate of 740,000; this is 0.3 percent (±9.6%)* above the revised August figure of 738,000. The September rate for units in buildings with five units or more was 454,000.
HOUSING COMPLETIONS
Privately-owned housing completions in September were at a seasonally adjusted annual rate of 1,028,000. This is 7.5 percent (±13.6%)* above the revised August estimate of 956,000 and is 8.4 percent (±18.7%)* above the September 2014 rate of 948,000. Single-family housing completions in September were at a rate of 643,000; this is 1.8 percent (±9.9%)* below the revised August rate of 655,000. The September rate for units in buildings with five units or more was 378,000.
Posted: October 20, 2015 Tuesday 08:30 AM