Single-Family Housing Starts Up In September

Posted by Orb Staff on October 17, 2012 No Comments
Categories : Residential Mortgage

12585_homebuilder5 Single-Family Housing Starts Up In September Single-family housing starts in September were at a rate of 603,000, which is 11% above the revised August figure of 543,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Privately owned housing starts in September were at a seasonally adjusted annual rate of 872,000, which is 15% above the revised August estimate of 758,000, and is 34.8% above the September 2011 rate of 647,000.

Single-family authorizations in September were at a rate of 545,000, which is 6.7% above the revised August figure of 511,000. Authorizations of units in buildings with five units or more were at a rate of 323,000 in September.

Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 894,000. This is 11.6% above the revised August rate of 801,000 and is 45.1% above the September 2011 estimate of 616,000.

Privately owned housing completions in September were at a seasonally adjusted annual rate of 683,000, which is 0.4% above the revised August estimate of 680,000 and is 13.8% above the September 2011 rate of 600,000. Single-family housing completions in September were at a rate of 524,000, which is 8.5% above the revised August rate of 483,000.

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