Keeping you up to date on the latest data releases.
- Housing Starts
Single-family housing starts posted a second consecutive gain in September, rising 4.4 percent after a downwardly revised increase of 1.4 percent in August. At 452,000 annual units, the current pace of starts falls 10.8 percent short of last September’s pace. Month-over-month gains varied widely by region, with the Midwest down 8.2 percent, the South unchanged, the West up 2.3 percent, and the Northeast up a whopping 66.7 percent. Meanwhile, building permits for single-family homes were little changed over the month, edging up 0.5 percent to an annualized pace of 405,000 units, basically where it has been since July. Permits are below last year’s pace nationally (−14.4 percent), and that is echoed in all four regions of the U.S.