Housing Data Mixed; Starts Lag Year-Ago Numbers

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Posted To: MND NewsWire

Permits for construction of residential housing improved in September after several dismal months, but housing starts retreated from both August and year-ago numbers. The U.S. Census Bureau and the Department of Housing and Urban Development said permits increased by 6.3 percent from September to a seasonally adjusted annual rate of 1, 225,000. This was well above the expectations of analysts polled by Econoday . Those ranged from 1.150 to 1.182 million with a consensus of 1.165 million. The September permitting number is 8.5 percent higher than that for September 2015. August permits were revised upward from the 1,139,000 originally reported, which represented a fractional 0.4 percent decline from July, to 1,152,000. Permits for single family construction were at a rate of 739,000, a 0.4 percent…(read more)

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