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 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
This graph shows discounting revisions in housing starts. According to this graph rate of new houses rose, but https://my-assignment.help/cheap-assignment-help-australia/ revision negated the gain. This project is really working fast.
It’s all about the headline, isn’t it? Great economic news…..
By the time they do revisions again nobody will be paying attention to August anymore.