EconoIndicators

Housing Starts At a Glance
Seasonally Adjusted

• Housing Starts: 817,000
• Monthly Change: Down 6.3%
• Year-to-year Change: Down 31.1%
• 1-Family Monthly Change: Down 12%
• Housing Completions: 1,097,000
• Monthly Change: Up 11.7%
• Year-to-year Change: Down 20.4%
• 1-Family Monthly Change: Up 17%
• Building Permits: 786,000
• Monthly Change: Down 7.3%
• Year-to-year Change: Down 38.4%
• 1-Family Monthly Change: Down 3.8%

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

NEW RESIDENTIAL CONSTRUCTION IN SEPTEMBER 2008

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential

construction statistics for September 2008:

BUILDING PERMITS

Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 786,000.

This is 8.3 percent (±1.6%) below the revised August rate of 857,000 and is 38.4 percent (±1.6%) below the revised September 2007

estimate of 1,277,000.

Single-family authorizations in September were at a rate of 532,000; this is 3.8 percent (±1.6%) below the August figure of 553,000.

Authorizations of units in buildings with five units or more were at a rate of 225,000 in September.

HOUSING STARTS

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 817,000. This is 6.3 percent (±12.0%)*

below the revised August estimate of 872,000 and is 31.1 percent (±8.3%) below the revised September 2007 rate of 1,185,000.

Single-family housing starts in September were at a rate of 544,000; this is 12.0 percent (±8.3%) below the August figure of 618,000.

The September rate for units in buildings with five units or more was 254,000.

HOUSING COMPLETIONS

Privately-owned housing completions in September were at a seasonally adjusted annual rate of 1,097,000. This is 11.7 percent

(±14.0%)* above the revised August estimate of 982,000, but is 20.4 percent (±9.6%) below the revised September 2007 rate of

1,378,000.

Single-family housing completions in September were at a rate of 806,000; this is 17.0 percent (±11.5%) above the August figure of

689,000. The September rate for units in buildings with five units or more was 260,000.

New Residential Construction - September 2008 [PDF]

New Residential Construction - September 2008 [Excel]

Source: Department of Commerce, Census Bureau