U.S. housing starts fall 9% in September

10/19, 2:30 PM (Source: TeleTrader.com)

Housing starts in the United States stood at a seasonally adjusted rate of 1,047,000 in September, the U.S. Census Bureau reported on Wednesday. The figure is 9% lower than the revised August estimate of 1,152,000, and 11.9% below the September 2015 rate.

Building permits stood at a seasonally adjusted annual rate of 1,225,000, which is a 6.3% increase from the revised August rate of 1,152,000. Annually, this is 8.5% higher than last year.

Housing completions fell 8.4% to 951,000 from the revised August estimate of 1,038,000, and were 5.8% lower than in September 2015.

Teletrader Newsroom / NP