U.S. Census Bureau: Monthly New Residential Construction, September 2021

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for September 2021:

Building Permits

Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,589,000. This is 7.7 percent (±0.9 percent) below the revised August rate of 1,721,000, but is virtually unchanged from (±1.1 percent)* the September 2020 rate of 1,589,000. Single-family authorizations in September were at a rate of 1,041,000; this is 0.9 percent (±0.8 percent) below the revised August figure of 1,050,000. Authorizations of units in buildings with five units or more were at a rate of 498,000 in September.

Housing Starts

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,555,000. This is 1.6 percent (±11.4 percent)* below the revised August estimate of 1,580,000, but is 7.4 percent (±13.0 percent)* above the September 2020 rate of 1,448,000. Single-family housing starts in September were at a rate of 1,080,000; this is virtually unchanged from (±8.4 percent)* the revised August figure of 1,080,000. The September rate for units in buildings with five units or more was 467,000.

Housing Completions

Privately-owned housing completions in September were at a seasonally adjusted annual rate of 1,240,000. This is 4.6 percent (±9.0 percent)* below the revised August estimate of 1,300,000 and is 13.0 percent (±9.1 percent) below the September 2020 rate of 1,426,000. Single-family housing completions in September were at a rate of 953,000; this is virtually unchanged from (±11.7 percent)* the revised August rate of 953,000. The September rate for units in buildings with five units or more was 280,000.

For the full September report, click here.

The October report is scheduled for release on November 17, 2021. View the full schedule in the Economic Briefing Room: <www.census.gov/economic-indicators/>. The full text and tables for this release can be found at <www.census.gov/construction/nrc/>

Source: U.S. Census Bureau