September Housing Starts Increase 17.5% YOY - Modern Distribution Management

September Housing Starts Increase 17.5% YOY

Privately owned housing starts up 6.5 percent compared with September.

Privately owned housing starts in September were at a seasonally adjusted annual rate of 1,206,000, according to the U.S. Census Bureau and the Department of Housing and Development. This is 6.5 percent above the revised September estimate of 1,132,000, and 17.5 percent above the September 2014 estimate of 1,026,000.

Single-family housing starts in September were at a rate of 740,000, 0.3 percent above the revised August figure of 738,000. The September rate for units in buildings with five units or more was 454,000.

Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,103,000. This is 5 percent below the revised August estimate of 1,161,000 but 4.7 percent above the September 2014 estimate of 1,053,000.

Single-family authorizations in September were at a rate of 699,000, 0.3 percent below the revised August figure of 699,000. Authorizations of units in buildings with five units or more were at a rate of 369,000 in September.

Privately owned housing completions in September were at a seasonally adjusted annual rate of 1,028,000. This is 7.5 percent above the revised August estimate of 956,000 and 8.4 percent above the September 2014 estimate of 948,000.

Single-family housing completions in September were at a rate 643,000; 1.8 percent below the revised August estimate of 655,000. The September rate for units in buildings with five units or more was 378,000.

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