Industry News

Housing starts fall from August rate

Pace of building permit authorizations rises slightly

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Housing starts and completions dropped from August to September, while building permits were up in that same period, the U.S. Census Bureau and U.S. Department of Housing and Urban Development reported today. The seasonally adjusted annual rate for privately owned housing starts dipped 6 percent, plus or minus 5.2 percent, from August to September, while the seasonally adjusted annual rate for privately owned housing completions fell 6.2 percent, plus or minus 5.4 percent, since August. This seasonally adjusted rate projects a monthly total over a 12-month period. The seasonally adjusted annual rate for authorized building permits increased 1.8 percent above the August rate, plus or minus 0.9 percent. The rate for housing starts was down 1.2 percent, plus or minus 5.9 percent, from the September 2003 rate; housing completions were up 5.5 percent, plus or minus 7.6 percent, from the September 2003 rate; and building permits were up 3.2 percent, plus or minus 1.1 percent, since Septemb...