Building Permits Stumble in September

The U.S. government is reporting that privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,555,000, which is 1.6% lower than August’s revised number. However, this figure is 7.4% higher than one year ago. September’s rate for units in buildings with five units or more was 467k. Privately‐owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,589,000, which was 7.7% lower than August’’s revised number. Authorizations of units in buildings with five units or more were at a rate of 498k in September. Continue reading HERE...