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Housing Starts See 15% Surge in September

Housing Starts See 15% Surge in September

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 872,000, according to the U.S. Census Bureau. This is 15% above the revised August estimate of 758,000 and 34.8% above the Sept. 2011 rate of 647,000. Single-family housing starts were at a rate of 603,000; 11% above the revised August figure of 543,000. The September rate for buildings with five units or more was 260,000.

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TAGS: Economy Stats
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