September Housing Starts Slid 1.6% from August, Rose 7.4% YOY

Washington, DC, October 19, 2021-Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,555,000, 1.6% below the revised August estimate of 1,580,000 but 7.4% above the September 2020 rate of 1,448,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced

Single‐family housing starts in September were at a rate of 1,080,000; this is virtually unchanged from the revised August figure of 1,080,000. The September rate for units in buildings with five units or more was 467,000.

Privately‐owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,589,000, 7.7% below the revised August rate of 1,721,000 but virtually unchanged the September 2020 rate of 1,589,000. Single‐family authorizations in September were at a rate of 1,041,000; this is 0.9% below the revised August figure of 1,050,000. Authorizations of units in buildings with five units or more were at a rate of 498,000 in September.

Privately‐owned housing completions in September were at a seasonally adjusted annual rate of 1,240,000. This is 4.6% below the revised August estimate of 1,300,000 and is 13.0% below the September 2020 rate of 1,426,000. Single‐family housing completions in September were at a rate of 953,000; this is virtually unchanged from the revised August rate of 953,000. The September rate for units in buildings with five units or more was 280,000.