Housing Starts Up 4.1% Year-to-Year

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 610,000, 0.3 percent above the revised August estimate of 608,000 and 4.1 percent above the September 2009 rate
Oct. 22, 2010

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 610,000, 0.3 percent above the revised August estimate of 608,000 and 4.1 percent above the September 2009 rate of 586,000, according to the U.S. Census Bureau.

“Stability is slowly returning to the new-homes market following the declines we saw upon expiration of the home buyer tax credits and the slowing of economic growth this summer,” said David Crowe, chief economist, National Association of Home Builders (NAHB), Washington, D.C. “Builders are receiving more inquiries from potential customers and are carefully responding to renewed consumer interest, although their limited access to credit for new housing production is definitely hampering this process.”