Single family housing starts rise
The Commerce Department reported that new home construction surged to a five-month high in September, but permits for future building fell to their lowest level in more than a year.
Housing starts rose 0.3% to a seasonally adjusted annual rate of 610,000 in September, up from a revised 608,000 in August.
Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 539,000. This is 5.6 percent below the revised August rate of 571,000 and is 10.9 percent below the September 2009 estimate of 605,000.
Single-family authorizations in September were at a rate of 405,000; this is 0.5 percent above the revised August figure of 403,000. Authorizations of units in buildings with five units or more were at a rate of 111,000 in September.
Single-family housing starts in September were at a rate of 452,000; this is 4.4 percent above the revised August figure of 433,000. The September rate for units in buildings with five units or more was 150,000.
Privately-owned housing completions in September were at a seasonally adjusted annual rate of 648,000. This is 7.3 percent above the revised August estimate of 604,000, but is 10.1 percent below the September 2009 rate of 721,000.
Single-family housing completions in September were at a rate of 501,000; this is 4.8 percent above the revised August rate of 478,000. The September rate for units in buildings with five units or more was 138,000.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
