U.S. Housing Construction Softens in September
Permits slide 7.7 percent for month on material and labor bottlenecks.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for September 2021:
Building Permits
Privately‐owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,589,000. This is 7.7 percent (±0.9 percent) below the revised August rate of 1,721,000, but is virtually unchanged from (±1.1 percent)* the September 2020 rate of 1,589,000.
Single‐family authorizations in September were at a rate of 1,041,000; this is 0.9 percent (±0.8 percent) below the revised August figure of 1,050,000. Authorizations of units in buildings with five units or more were at a rate of 498,000 in September.
Housing Starts
Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,555,000. This is 1.6 percent (±11.4 percent)* below the revised August estimate of 1,580,000, but is 7.4 percent (±13.0 percent)* above the September 2020 rate of 1,448,000.
Single‐family housing starts in September were at a rate of 1,080,000; this is virtually unchanged from (±8.4 percent)* the revised August figure of 1,080,000. The September rate for units in buildings with five units or more was 467,000.
Housing Completions
Privately‐owned housing completions in September were at a seasonally adjusted annual rate of 1,240,000. This is 4.6 percent (±9.0 percent)* below the revised August estimate of 1,300,000 and is 13.0 percent (±9.1 percent) below the September 2020 rate of 1,426,000.
Single‐family housing completions in September were at a rate of 953,000; this is virtually unchanged from (±11.7 percent)* the revised August rate of 953,000. The September rate for units in buildings with five units or more was 280,000.
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away!
