Nationwide housing starts increased 6.5 percent to a seasonally adjusted annual rate of 1.206 million units in September from August’s rate of 1.132 million, and are 17.5 percent higher than the September 2014 rate of 1.026 million, according to the U.S. Census Bureau.
Single-family housing starts in September were at a rate of 740,000, a 0.3 percent increase above the August rate of 738,000 units.
"Despite the modest month-over-month differentials in single-family production, this sector has shown gradual improvement throughout 2015," said NAHB Chief Economist David Crowe in a statement. "Since January, single-family starts are up 11 percent and we anticipate a similar pace for the rest of this year."
Combined singe- and multifamily starts increased in the Northeast, South and West by 23.4 percent, 0.6 percent and 25.4 percent, respectively. The Midwest saw a 12.2 percent loss.
