New Residential Construction Data Released

THE US CENESUS BUREAU AND THE DEPARTMENT OF HOUSING and Urban Development jointly announced the following new residential construction statistics for September 2006 on Oct. 18, 2006:

  • Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,619,000. This is 6.3 percent (±1%) below the revised August rate of 1,727,000 and is 27.7 percent (±1.3%) below the September 2005 estimate of 2,240,000.

  • Privately owned housing starts in September were at a seasonally adjusted annual rate of 1,772,000. This is 5.9 percent (±8.9%) above the revised August estimate of 1,674,000, but is 17.9 percent (±7.0%) below the September 2005 rate of 2,158,000. Single-family housing starts in September were at a rate of 1,426,000; this is 4.3 percent (±8.4%) above the August figure of 1,367,000. The September rate for units in buildings with five units or more was 314,000.

  • Privately owned housing completions in September were at a seasonally adjusted annual rate of 2,084,000. This is 11.1 percent (±9.1%) above the revised August estimate of 1,875,000 and is 7.2 percent (±9.0%) above the September 2005 rate of 1,944,000.            EC

 

 

 

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