EconoIndicators / New Residential Construction (Housing Starts)

New Residential Construction (Housing Starts) - September 2007

Housing Starts At a Glance
Seasonally Adjusted

Housing Starts: 1,191,000
Monthly Change: Down 10.2%
Year-to-year Change: Down 30.8%
1-Family Monthly Change: Down 1.7%
Housing Completions: 1,391,000
Monthly Change: Down 8.2%
Year-to-year Change: Down 31.1%
1-Family Monthly Change: Down 11.6%
Building Permits: 1,226,000
Monthly Change: Down 7.3%
Year-to-year Change: Down 25.9%
1-Family Monthly Change: Down 7.1%

Technorati Tags: housing, starts, new, residential, construction

NEW RESIDENTIAL CONSTRUCTION IN SEPTEMBER 2007
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for September 2007:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,226,000.
This is 7.3 percent (±1.3%) below the revised August rate of 1,322,000 and is 25.9 percent (±1.4%) below the revised September
2006 estimate of 1,654,000.
Single-family authorizations in September were at a rate of 868,000; this is 7.1 percent (±1.3%) below the August figure of 934,000.
Authorizations of units in buildings with five units or more were at a rate of 311,000 in September.
HOUSING STARTS
Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,191,000. This is 10.2 percent (±8.1%)
below the revised August estimate of 1,327,000 and is 30.8 percent (±5.4%) below the revised September 2006 rate of 1,721,000.
Single-family housing starts in September were at a rate of 963,000; this is 1.7 percent (±8.6%)* below the August figure of 980,000.
The September rate for units in buildings with five units or more was 201,000.
HOUSING COMPLETIONS
Privately-owned housing completions in September were at a seasonally adjusted annual rate of 1,391,000. This is 8.2 percent
(±8.7%)* below the revised August estimate of 1,516,000 and is 31.1 percent (±6.8%) below the revised September 2006 rate of
2,019,000.
Single-family housing completions in September were at a rate of 1,095,000; this is 11.6 percent (±8.2%) below the August figure of
1,239,000. The September rate for units in buildings with five units or more was 265,000.