The U.S Census Bureau said privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,206,000, 6.5% above the revised August estimate of 1,132,000 and 17.5% above the September 2014 rate of 1,026,000. Single-family housing starts in September were at a rate of 740,000, 0.3% above the revised August figure of 738,000. The September rate for units in buildings with five units or more was 454,000, a 17% increase.
“Despite the modest month-over-mont
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