September housing starts fell by -7.9 %
Housing Starts U.S. Economic Indicators
The construction of new homes, as well as the issuance of new building permits declined in September, as decline in northeast and multi-dwelling units impact the housing starts.
In September U.S. housing starts dropped by -7.9 % on the seasonally adjusted basis to annual rate of 1,256,000 units, a decrease of 108,000 units from 1,364,000 in August.
In construction of housing units was bellow average rate of 1,115,143 housing starts. Over the past 12 months, housing starts grew by 4.6 %, led by construction of homes in the South by 19.2 %, this is the main reason why some economists are optimistic about the housing market, despite the recent slowdown.
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Permits fell by -2.3 % or 32,000 units to an annual rate of 1,256,000 units, from 1,364,000 in August on the seasonally adjusted basis Demand for building permits fell the most in the Northeast and it was concentrated in multi-dwelling buildings such as apartments.
The issuance of new permits declined -25.2 % to annual rate of 109,000 units in the Northeast while the permits for multi-family units decreased -8.7 % accounting for 26.91 % of total building permits issued.
Permits indicate whether demand for new homes is growing or slowing. Compare to a year ago monthly building permits jumped by 11.8 %
|
| Permits By Region |
- In Northeast
housing units were authorized at seasonally adjusted annual rate of 113,000
units, an
decrease of 38,000
units,
or -25.17 % from 151,000
units Aug. 2019 and an
increase of 22.83 % from 92,000
units Sep. 2018.
- In
Midwest housing units were authorized at seasonally
adjusted annual rate of 176,000
units, an
decrease of
13,000
units,
or
-6.88 % from 189,000
units Aug. 2019 and an
increase of
14.29 % from 154,000
units Sep. 2018.
- In
West housing units were authorized at seasonally adjusted
annual rate of 366,000
units, an
increase of
35,000
units,
or
10.57 % from 331,000
units Aug. 2019 and an
increase of
7.33 % from 341,000
units Sep. 2018.
|
- In
South housing units were authorized at seasonally adjusted annual rate of 732,000
units, an
decrease of 16,000
units,
or -2.14 % from 748,000
units Aug. 2019 and an
increase of 11.93 % from 654,000
units Sep. 2018.
|
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), units) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
|
1,387,000 |
1,419,000 |
1,317,000 |
1,220,000 |
1,294,000 |
| In structures Single-family units |
|
882,000 |
866,000 |
829,000 |
813,000 |
815,000 |
| In structures with 2 - 4 units |
|
35,000 |
44,000 |
45,000 |
47,000 |
37,000 |
| In structures with 5 units or more |
|
470,000 |
509,000 |
443,000 |
360,000 |
442,000 |
| Northeast |
|
113,000 |
151,000 |
119,000 |
117,000 |
92,000 |
| Midwest |
|
176,000 |
189,000 |
165,000 |
172,000 |
174,000 |
| South |
|
732,000 |
748,000 |
674,000 |
618,000 |
693,000 |
| West |
|
366,000 |
331,000 |
359,000 |
313,000 |
335,000 |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in M / M) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
-2.26 % |
7.74 % |
7.95 % |
-5.72 % |
-0.15 % |
| In structures Single-family units |
1.85 % |
4.46 % |
1.97 % |
-0.25 % |
4.22 % |
| In structures with 2 - 4 units |
-20.45 % |
-2.22 % |
-4.26 % |
27.03 % |
-21.28 % |
| In structures with 5 units
or more |
-7.66 % |
14.9 % |
23.06 % |
-18.55 % |
-5.35 % |
| Northeast |
-25.17 % |
26.89 % |
1.71 % |
27.17 % |
-23.33 % |
| Midwest |
-6.88 % |
14.55 % |
-4.07 % |
-1.15 % |
-7.45 % |
| South |
-2.14 % |
10.98 % |
9.06 % |
-10.82 % |
6.78 % |
| West |
10.57 % |
-7.8 % |
14.7 % |
-6.57 % |
-1.18 % |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in % Y/Y) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
11.76 % |
13.61 % |
0.46 % |
-4.16 % |
-0.54 % |
| In structures Single-family units |
3.64 % |
4.72 % |
-4.6 % |
-4.35 % |
-3.32 % |
| In structures with 2 - 4 units |
-10.26 % |
25.71 % |
40.63 % |
30.56 % |
8.82 % |
| In structures with 5 units
or more |
33.9 % |
31.52 % |
8.05 % |
-6.98 % |
4.25 % |
| Northeast |
22.83 % |
48.04 % |
-5.56 % |
4.46 % |
-17.86 % |
| Midwest |
14.29 % |
-0.53 % |
-9.84 % |
1.18 % |
2.35 % |
| South |
11.93 % |
15.08 % |
0.9 % |
-6.93 % |
4.37 % |
| West |
7.33 % |
7.82 % |
7.49 % |
-4.28 % |
2.45 % |
New Housing Units Started
(Seasonally adj., at Annual Rate, units) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
|
1,256,000 |
1,364,000 |
1,364,000 |
1,253,000 |
1,269,000 |
| In structures Single-family units |
|
918,000 |
919,000 |
919,000 |
847,000 |
820,000 |
| In structures with 2 - 4 units |
|
11,000 |
21,000 |
21,000 |
10,000 |
13,000 |
| In structures with 5 units or more |
|
327,000 |
424,000 |
424,000 |
396,000 |
436,000 |
| Northeast |
|
109,000 |
124,000 |
124,000 |
109,000 |
73,000 |
| Midwest |
|
167,000 |
210,000 |
210,000 |
197,000 |
160,000 |
| South |
|
676,000 |
711,000 |
711,000 |
635,000 |
704,000 |
| West |
|
304,000 |
319,000 |
319,000 |
312,000 |
332,000 |
New Housing Units Started
(Seasonally adj. at Annual Rate, units), in Y / Y) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
-7.92 % |
0 % |
8.86 % |
-1.26 % |
2.75 % |
| In structures Single-family units |
-0.11 % |
0 % |
8.5 % |
3.29 % |
-3.98 % |
| In structures with 2 - 4 units |
-47.62 % |
0 % |
110 % |
-23.08 % |
-40.91 % |
| In structures with 5 units
or more |
-22.88 % |
0 % |
7.07 % |
-9.17 % |
21.45 % |
| Northeast |
-12.1 % |
0 % |
13.76 % |
49.32 % |
-49.31 % |
| Midwest |
-20.48 % |
0 % |
6.6 % |
23.13 % |
-13.98 % |
| South |
-4.92 % |
0 % |
11.97 % |
-9.8 % |
21.17 % |
| West |
-4.7 % |
0 % |
2.24 % |
-6.02 % |
2.47 % |
New Housing Units Started
(Seasonally adj. at Annual Rate, in % Y/Y) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
4.58 % |
7.57 % |
16.78 % |
6.82 % |
-5.09 % |
| In structures Single-family units |
5.4 % |
4.55 % |
6.61 % |
-1.28 % |
-13.14 % |
| In structures with 2 - 4 units |
83.33 % |
23.53 % |
600 % |
-9.09 % |
8.33 % |
| In structures with 5 units
or more |
0.93 % |
13.98 % |
39.93 % |
30.26 % |
14.44 % |
| Northeast |
-9.17 % |
33.33 % |
27.84 % |
13.54 % |
-29.13 % |
| Midwest |
4.38 % |
12.9 % |
21.39 % |
26.28 % |
-34.16 % |
| South |
19.22 % |
8.22 % |
11.79 % |
5.66 % |
6.51 % |
| West |
-14.12 % |
-3.92 % |
21.76 % |
-2.5 % |
0.61 % |
New Housing Units Authorized
(Not seasonally adjusted, units) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
|
114,300 |
127,000 |
118,800 |
110,100 |
124,000 |
| In structures Single-family units |
|
70,600 |
78,100 |
78,200 |
74,100 |
81,200 |
| In structures with 2 - 4 units |
|
3,000 |
4,100 |
4,000 |
4,400 |
3,300 |
| In structures with 5 units or more |
|
40,600 |
44,900 |
36,500 |
31,600 |
39,400 |
| Northeast |
|
9,700 |
12,900 |
11,100 |
11,300 |
8,900 |
| Midwest |
|
16,400 |
18,500 |
15,700 |
15,600 |
18,100 |
| South |
|
58,900 |
66,200 |
60,900 |
53,900 |
65,300 |
| West |
|
29,300 |
29,500 |
31,000 |
29,300 |
31,600 |
New Housing Units Authorized
(Not seasonally adjusted, in Y / Y) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
-10 % |
6.9 % |
7.9 % |
-11.21 % |
3.94 % |
| In structures Single-family units |
-9.6 % |
-0.13 % |
5.53 % |
-8.74 % |
7.84 % |
| In structures with 2 - 4 units |
-26.83 % |
2.5 % |
-9.09 % |
33.33 % |
-21.43 % |
| In structures with 5 units
or more |
-9.58 % |
23.01 % |
15.51 % |
-19.8 % |
-1.01 % |
| Northeast |
-24.81 % |
16.22 % |
-1.77 % |
26.97 % |
-11 % |
| Midwest |
-11.35 % |
17.83 % |
0.64 % |
-13.81 % |
-1.63 % |
| South |
-11.03 % |
8.7 % |
12.99 % |
-17.46 % |
9.93 % |
| West |
-0.68 % |
-4.84 % |
5.8 % |
-7.28 % |
0.64 % |
New Housing Units Authorized
(Not seasonally adjusted, in % Y/Y) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
18.32 % |
8.64 % |
4.21 % |
-8.1 % |
-0.8 % |
| In structures Single-family units |
9.12 % |
-0.51 % |
0.77 % |
-8.86 % |
-3.79 % |
| In structures with 2 - 4 units |
-9.09 % |
17.14 % |
37.93 % |
25.71 % |
10 % |
| In structures with 5 units
or more |
41.46 % |
28.29 % |
8.96 % |
-9.71 % |
4.79 % |
| Northeast |
24.36 % |
43.33 % |
-1.77 % |
6.6 % |
-16.04 % |
| Midwest |
19.71 % |
-6.09 % |
-5.99 % |
-3.7 % |
11.73 % |
| South |
19.47 % |
10.7 % |
4.64 % |
-11.06 % |
7.76 % |
| West |
13.13 % |
3.51 % |
11.91 % |
-9.57 % |
-2.47 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, units) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
|
112,900 |
121,100 |
115,500 |
117,500 |
118,700 |
| In structures Single-family units |
|
80,700 |
82,500 |
84,900 |
81,600 |
78,300 |
| In structures with 2 - 4 units |
|
1,100 |
1,900 |
1,000 |
900 |
1,200 |
| In structures with 5 units or more |
|
31,100 |
36,700 |
29,600 |
35,000 |
39,200 |
| Northeast |
|
10,300 |
11,100 |
9,300 |
10,200 |
6,600 |
| Midwest |
|
16,400 |
19,300 |
18,200 |
19,700 |
16,300 |
| South |
|
59,500 |
61,800 |
57,500 |
57,900 |
65,300 |
| West |
|
26,800 |
28,900 |
30,400 |
29,700 |
30,600 |
New Housing Units Started
(Not seas. adj. at Annual Rate, in Y / Y) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
-6.77 % |
4.85 % |
-1.7 % |
-1.01 % |
4.03 % |
| In structures Single-family units |
-2.18 % |
-2.83 % |
4.04 % |
4.21 % |
-3.57 % |
| In structures with 2 - 4 units |
-42.11 % |
90 % |
11.11 % |
-25 % |
-36.84 % |
| In structures with 5 units
or more |
-15.26 % |
23.99 % |
-15.43 % |
-10.71 % |
26.45 % |
| Northeast |
-7.21 % |
19.35 % |
-8.82 % |
54.55 % |
-48.03 % |
| Midwest |
-15.03 % |
6.04 % |
-7.61 % |
20.86 % |
-7.39 % |
| South |
-3.72 % |
7.48 % |
-0.69 % |
-11.33 % |
21.6 % |
| West |
-7.27 % |
-4.93 % |
2.36 % |
-2.94 % |
1.66 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, in % Y/Y) |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total |
6.41 % |
7.55 % |
4.62 % |
5.38 % |
-4.12 % |
| In structures Single-family units |
8.76 % |
3.64 % |
3.79 % |
-2.63 % |
-12.02 % |
| In structures with 2 - 4 units |
83.33 % |
26.67 % |
233.33 % |
-10 % |
20 % |
| In structures with 5 units
or more |
-0.64 % |
16.51 % |
4.59 % |
31.09 % |
15.98 % |
| Northeast |
-7.21 % |
32.14 % |
-2.11 % |
9.68 % |
-31.25 % |
| Midwest |
5.13 % |
15.57 % |
3.41 % |
24.68 % |
-32.64 % |
| South |
23.44 % |
6 % |
-1.37 % |
2.84 % |
9.75 % |
| West |
-14.1 % |
-1.03 % |
21.12 % |
-1.66 % |
0 % |
Source U.S. Department of Commerce
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