Housing Starts Jumped 15% in September

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 658,000. This is 15.0 percent above the revised August estimate of 572,000 and is 10.2 percent above the September 2010 rate of 597,000. Single-family housing starts in September were at a rate of 425,000; this is 1.7 percent above the revised August figure of 418,000. The September rate for units in buildings with five units or more was 227,000.

Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 594,000, down 5.0 percent from the August rate of 625,000, but 5.7 percent above the September 2010 estimate of 562,000.

Single-family housing completions in September were at a rate of 428,000, 11.6 percent below the August rate of 484,000.