The US Census Bureau and the US Department of Housing and Urban Development jointly announced today that privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,215,000. This is 4.5 percent (±1.6 percent) below the revised August rate of 1,272,000 and is 4.3 percent (±1.7 percent) below the September 2016 rate of 1,270,000.
Single-family authorizations in September were at a rate of 819,000; this is 2.4 percent (±1.7 percent) above the revised August figure of 800,000. Authorizations of units in buildings with five units or more were at a rate of 360,000 in September.
Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,127,000. This is 4.7 percent (±8.1 percent) below the revised August estimate of 1,183,000, but is 6.1 percent (±8.8 percent) above the September 2016 rate of 1,062,000.
Single-family housing starts in September were at a rate of 829,000; this is 4.6 percent (±8.5 percent) below the revised August figure of 869,000. The September rate for units in buildings with five units or more was 286,000.
Privately-owned housing completions in September were at a seasonally adjusted annual rate of 1,109,000. This is 1.1 percent (±12.4 percent) above the revised August estimate of 1,097,000 and is 10.3 percent (±11.9 percent) above the September 2016 rate of 1,005,000.
Single-family housing completions in September were at a rate of 781,000; this is 4.6 percent (±11.4 percent) above the revised August rate of 747,000. The September rate for units in buildings with five units or more was 322,000.