Privately owned housing starts in September were at a seasonally adjusted annual rate of 1,354,000, according to the U.S. Census Bureau. This is 0.5% below the revised August estimate of 1,361,000 and 0.7% below September 2023.
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Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,428,000, 2.9% below August and 5.7% below September 2023.
Single-family authorizations in September were at a rate of 970,000; this is 0.3% above August. Authorizations of units in buildings with five units or more were 398,000 in September.
Housing completions in September were 1,680,000, down 5.7% from August. It is 14.6% higher than the September 2023 rate. Single-family housing completions in September were down 2.7% from August. The September rate for units in buildings with five units or more was 671,000.
