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In The News:

Housing Starts Up Slightly in September

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 610,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.3 percent above the revised August estimate of 608,000 and is 4.1 percent above the September 2009 rate.

Single-family housing starts in September were at a rate of 452,000; this is 4.4 percent above the revised August figure of 433,000. The September rate for units in buildings with five units or more was 150,000.

Building Permits
Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 539,000. This is 5.6 percent below the revised August rate of 571,000 and is 10.9 percent below the September 2009 estimate of 605,000.

Single-family authorizations in September were at a rate of 405,000; this is 0.5 percent 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.

Housing Completions
Privately-owned housing completions in September were at a seasonally adjusted annual rate of 648,000. This is 7.3 percent above the revised August estimate of 604,000, but is 10.1 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 above the revised August rate of 478,000. The September rate for units in buildings with five units or more was 138,000.

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