Single-family housing starts in September rose 4.4 percent to an annual rate of 452,000 units from an August rate of 433,000 units; however, this figure is down 10.8 percent from a rate of 507,000 units in September 2009, according to a release from the U.S. Department of Commerce. Overall, housing starts rose 0.3 percent to an annual rate of 610,000 units in September from a rate of 608,000 units in August. This represents a 4.1-percent increase from a September 2009 rate of 586,000 units.
Single-family housing starts in September rose 4.4 percent to an annual rate of 452,000 units from an August rate of 433,000 units; however, this figure is down 10.8 percent from a rate of 507,000 units in September 2009, according to a release from the U.S. Department of Commerce. Overall, housing starts rose 0.3 percent to an annual rate of 610,000 units in September from a rate of 608,000 units in August. This represents a 4.1-percent increase from a September 2009 rate of 586,000 units.
"Today's numbers are in line with our latest builder surveys, which indicate that stability is slowly returning to the new-homes market following the declines we saw upon expiration of the home buyer tax credits and the slowing of economic growth this summer," said National Association of Homebuilders Chief Economist David Crowe. "Builders are receiving more inquiries from potential customers and are carefully responding to renewed consumer interest, although their limited access to credit for new housing production is definitely hampering this process."
