The US Census Bureau and the Department of Housing and Urban Development released Tuesday that privately-owned housing units authorized by building permits in September were 5.6 percent (±1.4 percent) below the revised August rate, and 10.9 percent (±2.3 percent) below the September 2009 rate.
Single-family authorizations in September were at a rate of 405,000; this is 0.5 percent (±1.3%) above the revised August figure of 403,000. Authorizations of units in buildings with five units or more were at a rate of 111,000 in September, a 26 percent (± 3.3 percent) decrease month-over-month.
Housing starts increased in September and were reported at a seasonally adjusted annual rate of 610,000. This is 0.3 percent (±10.3 percent) above the revised August estimate of 608,000 and is 4.1 percent (±12.0 percent) above the September 2009 rate of 586,000.
Single-family housing starts in September were at a rate of 452,000; this is 4.4 percent (±13.9 percent) above the revised August figure of 433,000.
Privately-owned housing completions rose in September and were reported at a seasonally adjusted annual rate of 648,000, 7.3 percent (±14.3 percent) above the revised August estimate of 604,000, but still 10.1 percent (±13.6 percent) below the September 2009 rate of 721,000.
Single-family housing completions in September were at a rate of 501,000; this is 4.8 percent (±14.2 percent) above the revised August rate of 478,000.