U.S. Census Bureau: Monthly New Residential Sales, September 2024

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 2024:

Building Permits

Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,428,000. This is 2.9 percent below the revised August rate of 1,470,000 and is 5.7 percent below the September 2023 rate of 1,515,000. Single-family authorizations in September were at a rate of 970,000; this is 0.3 percent above the revised August figure of 967,000. Authorizations of units in buildings with five units or more were at a rate of 398,000 in September.

Housing Starts

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,354,000. This is 0.5 percent (±13.0 percent)* below the revised August estimate of 1,361,000 and is 0.7 percent (±16.1 percent)* below the September 2023 rate of 1,363,000. Single-family housing starts in September were at a rate of 1,027,000; this is 2.7 percent (±13.4 percent)* above the revised August figure of 1,000,000. The September rate for units in buildings with five units or more was 317,000.

Housing Completions

Privately-owned housing completions in September were at a seasonally adjusted annual rate of 1,680,000. This is 5.7 percent (±19.9 percent)* below the revised August estimate of 1,781,000, but is 14.6 percent (±11.9 percent) above the September 2023 rate of 1,466,000. Single-family housing completions in September were at a rate of 1,000,000; this is 2.7 percent (±7.8 percent)* below the revised August rate of 1,028,000. The September rate for units in buildings with five units or more was 671,000.

The October report is scheduled for release on November 19, 2024. View the full schedule in the Economic Briefing Room: <http://www.census.gov/economic-indicators/>. The full text and tables for this release can be found at <http://www.census.gov/construction/nrc/>.

Source: U.S. Census Bureau