Industry News

Housing starts climb in September

Building permits also grow nationwide

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Single-family housing starts, building permits and completions jumped from September 2004 to September 2005, the U.S. Census Bureau and the Department of Housing and Urban Development announced today. Single-family authorizations in September were at a seasonally adjusted annual rate of 1,749,000, which is about 4.4 percent above the August figure. The seasonally adjusted annual rate is computed by projecting a monthly total over a 12-month period, accounting for seasonal fluctuations in the market. Single-family housing starts in September 2005 were at a rate of 1,747,000, or about 2.6 percent above the August figure of 1,703,000.  Single-family housing completions in September 2005 were at a rate of 1,680,000, or about 4.2 percent above the August figure of 1,612,000, the agencies reported. Authorizations of units in buildings with five units or more were at a rate of 352,000 in September. The September rate of housing starts units for buildings with five units or more was 303...