The 2020 Mid-Year Economic Update_long

Housing Starts Increase 5.9% from August

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,772,000. This is 5.9% above the revised August estimate of 1,674,000, but is 17.9% below the September 2005 rate of 2,158,000.


Single-family housing starts in September were at a rate of 1,426,000; this is 4.3% above the August figure of 1,367,000. The September rate for units in buildings with five units or more was 314,000.


 


Building Permits


Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,619,000. This is 6.3% below the revised August rate of 1,727,000 and is 27.7% below the September 2005 estimate of 2,240,000.


 


Single-family authorizations in September were at a rate of 1,207,000; this is 6.0% below the August figure of 1,284,000. Authorizations of units in buildings with five units or more were at a rate of 342,000 in September.


 


Housing Completions


Privately-owned housing completions in September were at a seasonally adjusted annual rate of 2,084,000. This is 11.1% above the revised August estimate of 1,875,000 and is 7.2% above the September 2005 rate of 1,944,000.


 


Single-family housing completions in September were at a rate of 1,732,000; this is 7.1% above the August figure of 1,617,000. The September rate for units in buildings with five units or more was 316,000.


 


More details by region here.
More economic indicators at MDM’s Databank.

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