Latest from Industry Stats
Latest from Industry Stats
Electrical Marketing's Leading Economic Indicators
Dec. 21, 2023
Housing Starts Sag -5.3% in September to 1.2 Million But Remain Ahead of 2017 Pace
Oct. 19, 2018
Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,201,000, -5.3% below the revised August estimate of 1,268,000, but +3.7% above the Sept. 2017 rate of 1,158,000. Single‐family housing starts in September were at a rate of 871,000, -0.9% below the revised August figure of 879,000.
“This report is consistent with our forecast for gradual strengthening in the single-family sector of the housing market following the summer soft patch,” said Robert Dietz, chief economist for the National Association of Home Builders (NAHB). “A growing economy coupled with positive demographics for housing should keep the market moving forward at a modest pace in the months ahead.”