US housing starts down 0.5% in September - Breaking The News

US housing starts down 0.5% in September

18 October

1 min read

EPA-EFE/TANNEN MAURY

Housing starts in the United States fell by 0.5% in September compared to the previous month and stood at 1,354,000, according to a report by the Census Bureau on Friday. Compared to September 2023, housing starts dropped by 0.7%. Single-family housing starts numbered 1,027,000 in September, 2.7% higher than in August. The September rate for units in buildings with five units or more was 317,000.

Building permits fell by 2.9% on a monthly basis to 1,428,000, which was 5.7% lower than September 2023. Single-family authorizations totaled 970,000, 0.3% higher month-on-month.

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