The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for September 2024: Building Permits – Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,428,000. This is 2.9 percent below the revised August rate of 1,470,000 and is 5.7 percent below the September 2023 rate of 1,515,000. Single-family authorizations in September were at a rate of 970,000; this is 0.3 percent above the revised August figure of 967,000. Authorizations of units in buildings with five units or more were at a rate of 398,000 in September. Housing Starts – Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,354,000. This is 0.5 percent (±13.0 percent)* below the revised August estimate of 1,361,000 and is 0.7 percent (±16.1 percent)* below the September 2023 rate of 1,363,000. Single-family housing starts in September were at a rate of 1,027,000; this is 2.7 percent (±13.4 percent)* above the revised August figure of 1,000,000. The September rate for units in buildings with five units or more was 317,000. Housing Completions – Privately-owned housing completions in September were at a seasonally adjusted annual rate of 1,680,000. This is 5.7 percent (±19.9 percent)* below the revised August estimate of 1,781,000, but is 14.6 percent (±11.9 percent) above the September 2023 rate of 1,466,000. Single-family housing completions in September were at a rate of 1,000,000; this is 2.7 percent (±7.8 percent)* below the revised August rate of 1,028,000. The September rate for units in buildings with five units or more was 671,000.
Housing Starts and Permitting (10-18-24)
- Economic Monthly Summaries, Housing Starts and Permitting
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