The 2020 Mid-Year Economic Update_long

New Residential Construction Permits Up 1.5% in September

Privately owned housing starts up 17.8 percent year-over-year.

Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,018,000. This is 1.5 percent above the revised August rate of 1,003,000, and 2.5 percent above the September 2013 estimate of 993,000.

Single-family authorizations in September were at a rate of 624,000; this is 0.5 percent below the revised August figure of 627,000. Authorizations of units in buildings with five units or more were at a rate of 369,000 in September.

Privately owned housing starts in September were at a seasonally adjusted annual rate of 1,017,000. This is 6.3 percent above the revised August estimate of 957,000 and is 17.8 percent above the September 2013 rate of 863,000.

Single-family housing starts in September were at a rate of 646,000; this is 1.1 percent above the revised August figure of 639,000. The September rate for units in buildings with five units or more was 353,000.

Privately owned housing completions in September were at a seasonally adjusted annual rate of 999,000. This is 8.6 percent above the revised August estimate of 920,000 and is 31.3 percent above the September 2013 rate of 761,000.

Single-family housing completions in September were at a rate of 624,000; this is 1 percent above the revised August rate of 618,000. The September rate for units in buildings with five units or more was 368,000.

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