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2017-10-25 Housing Starts & Permits Down: Hurricanes to Blame? | By: Fellow GDREIA Members

Housing Starts & Permits Down: Hurricanes to Blame?
BY BRAD BECKETT ON OCTOBER 19, 2017
 
The U.S. Government is reporting that privately owned housing starts in September were at a seasonally adjusted annual rate of 1,127,000.  This is 4.5% below August’s estimate of 1,183,000, but it is 6.1% higher than September 2016.  Single-family housing starts in August were at a rate of 829k; this is 4.6% below August’s rate of 869k. The September rate for units in buildings with five units or more was 286k.   Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,215,000. This is 4.5% lower than July’s rate of 1,272,000 and is 4.3% below September 2016.  Single-family authorizations in September were at a rate of 819k.  This number is 2.4% higher than August’s figure of 800k.  Authorizations of units in buildings with five units or more were at a rate of 360k in August.

Click here to read the full release at Census.gov.

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