US Data: New Residential Construction - Summary>

Release for:         September 2018

Source: U.S. Commerce Department

Thousands of units, seasonally adjusted

*Calculations by MNI

                                             yr-ago % chg mo/mo:   % chg

                         Sep-18 Aug-18 Jul-18 Sep-17 Sep-18 Aug-18  y/y:

Housing starts             1201   1268   1184   1158   -5.3    7.1    3.7

  (previous)                --    1282   1174    --     --     --     --

  Single-family             871    879    861    831   -0.9    2.1    4.8

    1-fam % of total       72.5   69.3   72.7   71.8    --     --     --

  Total multi-family*       330    389    323    327  -15.2   20.4    0.9

    multi-fam % of total   27.5   30.7   27.3   28.2    --     --     --

  Northeast                 120     93    103    101   29.0   -9.7   18.8

  Midwest                   160    186    178    186  -14.0    4.5  -14.0

  South                     567    657    624    543  -13.7    5.3    4.4

  West                      354    332    279    328    6.6   19.0    7.9

Housing starts (unadj)    106.1  112.6  111.9  104.4   -5.8    0.6    1.6

Building permits           1241   1249   1303   1254   -0.6   -4.1   -1.0

  Single-family             851    827    873    831    2.9   -5.3    2.4

    1-fam % of total       68.6   66.2   67.0   66.3    --     --     --

  Total multi-family*       390    422    430    423   -7.6   -1.9   -7.8

    multi-fam % of total   31.4   33.8   33.0   33.7    --     --     --

  Northeast                  92    102    125    120   -9.8  -18.4  -23.3

  Midwest                   154    190    181    189  -18.9    5.0  -18.5

  South                     654    650    665    612    0.6   -2.3    6.9

  West                      341    307    332    333   11.1   -7.5    2.4

Building permits (unadj)   96.6  116.9  113.0  103.3  -17.4    3.5   -6.5

Completions                1162   1212   1195   1086   -4.1    1.4    7.0

  Single-family             844    924    829    777   -8.7   11.5    8.6

    1-fam % of total       72.6   76.2   69.4   71.5    --     --     --

  Total multi-family*       318    288    366    309   10.4  -21.3    2.9

    multi-fam % of total   27.4   23.8   30.6   28.5    --     --     --

Completions (unadj)       101.7  111.7  101.9   96.2   -9.0    9.6    5.7

Homes Not Started           166    167    170    150   -0.6   -1.8   10.7

Homes Under Construction   1129   1126   1118   1089    0.3    0.7    3.7

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

[TOPICS: MAUDA$,MAUH0$]