Research >> Economics
September Housing Starts up 6.3%, Permits up 1.5%
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BUILDING PERMITS
Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,018,000. This is 1.5 percent (±1.1%) above the revised August rate of 1,003,000 and is 2.5 percent (±1.2%) above the September 2013 estimate of 993,000. Single-family authorizations in September were at a rate of 624,000; this is 0.5 percent (±1.1%) below the revised August figure of 627,000. 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 1,017,000. This is 6.3 percent (±9.3%) above the revised August estimate of 957,000 and is 17.8 percent (±14.4%) above the September 2013 rate of 863,000. Single-family housing starts in September were at a rate of 646,000; this is 1.1 percent (±8.3%) above the revised August figure of 639,000. The September rate for units in buildings with five units or more was 353,000.
HOUSING COMPLETIONS
Privately-owned housing completions in September were at a seasonally adjusted annual rate of 999,000. This is 8.6 percent (±17.2%) above the revised August estimate of 920,000 and is 31.3 percent (±23.7%) above the September 2013 rate of 761,000. Single-family housing completions in September were at a rate of 624,000; this is 1.0 percent (±11.6%) above the revised August rate of 618,000. The September rate for units in buildings with five units or more was 368,000.
Posted: October 17, 2014 Friday 08:30 AM