Housing Starts Up in September

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The U.S. government is reporting that privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,228,000. This figure is 1.5% above September’s revised estimate but is 2.9% below October, 2017.  Single‐family housing starts in October were at a rate of 865k, which is 1.8% below September’s revised number. The October rate for units in buildings with five units or more was 343k.  Privately‐owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,263,000. This figure is 0.6% below September’s revised rate and is 6% below the October ,2017.  Single‐family authorizations in October were at a rate of 849k, which is 0.6% below September’s revised figure of 854k.  Authorizations of units in buildings with five units or more were at a rate of 376k in October.

Click here to read the full report at Census.gov.

 

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Director of Education & Outreach, National Real Estate Investors Association

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