The rate of single-family building-permit authorizations dropped an estimated 14.9 percent year-over-year in September and dipped 3 percent compared to August, the U.S. Census Bureau and Department of Housing and Urban Development announced today.

The seasonally adjusted annual rate for single-family housing starts, meanwhile, was down an estimated 8.7 percent year-over-year in September and rose 3.9 percent from August. This rate is a projection of a monthly total over a 12-month period, adjusted to account for typical seasonal fluctuations in construction activity.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top