Housing Starts & Building Permits Down in September

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The U.S. government is reporting that privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,256,000.  This figure is 9.4% below August’s revised estimate but is 1.6% higher than September, 2018.  Single‐family housing starts in September were at a rate of 918k, which is 0.3% above August’s revised figure. September’s rate for units in buildings with five units or more was 327k.  Privately‐owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,387,000. This figure is 2.7% below August’s revised rate but is 7.7% higher than September, 2018.  Single‐family authorizations in September were at a rate of 882k, which is 0.8% higher than August’s revised figure. Authorizations of units in buildings with five units or more were at a rate of 470k in September.

Click here to read the full report at the U.S. Census Bureau.

 

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Director of Education & Outreach, National Real Estate Investors Association