New Residential Construction

The New Residential Construction Report shows housing starts rose 1.9%, permits 5.2%, and completions 15.3%.

September Stats

  • Starts: 1,415,000 SAAR. This is 8.8% above the revised August estimate of 1,388,000.
  • Permits: 1,553,000 SAAR. This is 5.2% above the revised August rate of 1,476,000.
  • Completions:  1,413,000 SAAR. This is 15.3% above the revised August estimate of 1,226,000. 

August Stats as Initially Reported

  • Starts: 1,415,000 SAAR.
  • Permits: 1.470,000 SAAR

Actual Numbers 

  • Starts: 125,000
  • Permits: 134,200
  • Completed: 121,000

Starts, Permits, Completions 1959-Present

Housing Starts Permits Complettions for 2020-09

Housing starts are about where they were in 1959. Affordability and attitudes about ownership are in play.

But hey, starts were up 1.9% to 1,415,000 SAAR. Hooray.

Mish