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US Data: New Residential Construction - Summary>

Release for:         September 2019
Source: U.S. Commerce Department
Thousands of units, seasonally adjusted
*Calculations by MNI
                                             yr-ago % chg mo/mo:   % chg
                         Sep-19 Aug-19 Jul-19 Sep-18 Sep-19 Aug-19  y/y:
Housing starts             1256   1386   1204   1236   -9.4   15.1    1.6
  (previous)                --    1364   1215    --     --     --     --
  Single-family             918    915    871    880    0.3    5.1    4.3
    1-fam % of total       73.1   66.0   72.3   71.2    --     --     --
  Total multi-family*       338    471    333    356  -28.2   41.4   -5.1
    multi-fam % of total   26.9   34.0   27.7   28.8    --     --     --
  Northeast                 109    166     96    140  -34.3   72.9  -22.1
  Midwest                   167    206    173    171  -18.9   19.1   -2.3
  South                     676    704    618    570   -4.0   13.9   18.6
  West                      304    310    317    355   -1.9   -2.2  -14.4
Housing starts (unadj)    112.9  122.2  114.2  109.7   -7.6    7.0    2.9
Building permits           1387   1425   1317   1288   -2.7    8.2    7.7
  Single-family             882    875    829    858    0.8    5.5    2.8
    1-fam % of total       63.6   61.4   62.9   66.6    --     --     --
  Total multi-family*       505    550    488    430   -8.2   12.7   17.4
    multi-fam % of total   36.4   38.6   37.1   33.4    --     --     --
  Northeast                 113    152    119    101  -25.7   27.7   11.9
  Midwest                   176    187    165    172   -5.9   13.3    2.3
  South                     732    754    674    678   -2.9   11.9    8.0
  West                      366    332    359    337   10.2   -7.5    8.6
Building permits (unadj)  114.3  127.8  118.8  100.4  -10.6    7.6   13.8
Completions                1139   1262   1245   1150   -9.7    1.4   -1.0
  Single-family             852    932    904    837   -8.6    3.1    1.8
    1-fam % of total       74.8   73.9   72.6   72.8    --     --     --
  Total multi-family*       287    330    341    313  -13.0   -3.2   -8.3
    multi-fam % of total   25.2   26.1   27.4   27.2    --     --     --
Completions (unadj)        97.1  118.2  108.5  100.9  -17.9    8.9   -3.8
Homes Not Started           168    165    167    168    1.8   -1.2    0.0
Homes Under Construction   1157   1149   1138   1132    0.7    1.0    2.2
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$,MAUH0$]

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