US Data: New Residential Construction - Summary>

Release for: September 2017

Source: U.S. Commerce Department

Thousands of units, seasonally adjusted

*Calculations by MNI

                                             yr-ago % chg mo/mo:   % chg

                         Sep-17 Aug-17 Jul-17 Sep-16 Sep-17 Aug-17  y/y:

Housing starts             1127   1183   1185   1062   -4.7   -0.2    6.1

  (previous)                --    1180   1190    --     --     --     --

  Single-family             829    869    841    783   -4.6    3.3    5.9

    1-fam % of total       73.6   73.5   71.0   73.7    --     --     --

  Total multi-family*       298    314    344    279   -5.1   -8.7    6.8

    multi-fam % of total   26.4   26.5   29.0   26.3    --     --     --

  Northeast                  99    109    120     95   -9.2   -9.2    4.2

  Midwest                   154    193    161    150  -20.2   19.9    2.7

  South                     527    581    611    539   -9.3   -4.9   -2.2

  West                      347    300    293    278   15.7    2.4   24.8

Housing starts (unadj)    101.3  103.8  112.3   95.0   -2.4   -7.6    6.6

Building permits           1215   1272   1230   1270   -4.5    3.4   -4.3

  Single-family             819    800    812    749    2.4   -1.5    9.3

    1-fam % of total       67.4   62.9   66.0   59.0    --     --     --

  Total multi-family*       396    472    418    521  -16.1   12.9  -24.0

    multi-fam % of total   32.6   37.1   34.0   41.0    --     --     --

  Northeast                 119    109    123    142    9.2  -11.4  -16.2

  Midwest                   185    184    170    181    0.5    8.2    2.2

  South                     585    620    623    618   -5.6   -0.5   -5.3

  West                      326    359    314    329   -9.2   14.3   -0.9

Building permits (unadj)  100.5  119.6  101.0  111.7  -16.0   18.4  -10.0

Completions                1109   1097   1194   1005    1.1   -8.1   10.3

  Single-family             781    747    844    718    4.6  -11.5    8.8

    1-fam % of total       70.4   68.1   70.7   71.4    --     --     --

  Total multi-family*       328    350    350    287   -6.3    0.0   14.3

    multi-fam % of total   29.6   31.9   29.3   28.6    --     --     --

Completions (unadj)        99.3  103.4  102.2   90.2   -4.0    1.2   10.1

Homes Not Started           149    147    141    139    1.4    4.3    7.2

Homes Under Construction   1082   1079   1067   1033    0.3    1.1    4.7

  ** MNI Washington Bureau (202) 371-2121 **

[TOPICS: MAUDA$,MAUH0$]