1 - In general, How does this information affect the US Economy? 2- Is there relationship with...
Question:
1- In general, How does this information affect the US Economy?
2- Is there relationship with current inflation status?
Building Permits: 1,564,000 Housing Starts: 1,439,000 Housing Completions: 1,427,000
Next Release: November 17, 2022, Seasonally Adjusted Annual Rate (SAAR) Source: U.S. Census Bureau, HUD, October 19, 2022.
Building Permits Privatelyowned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,564,000. This is 1.4 percent above the revised August rate of 1,542,000 but is 3.2 percent below the September 2021 rate of 1,615,000. Singlefamily authorizations in September were at a rate of 872,000; this is 3.1 percent below the revised August figure of 900,000. Authorizations of units in buildings with five units or more were at a rate of 644,000 in September. Housing Starts Privatelyowned housing starts in September were at a seasonally adjusted annual rate of 1,439,000. This is 8.1 percent (14.9 percent) below the revised August estimate of 1,566,000 and 7.7 percent (11.5 percent) below the September 2021 rate of 1,559,000. Singlefamily housing starts in September were at a rate of 892,000; this is 4.7 percent (10.7 percent) below the revised August figure of 936,000. The September rate for units in buildings with five units or more was 530,000. Housing Completions Privatelyowned housing completions in September were at a seasonally adjusted annual rate of 1,427,000. This is 6.1 percent (11.0 percent) above the revised August estimate of 1,345,000 and 15.7 percent (13.1 percent) above the September 2021 rate of 1,233,000. Singlefamily housing completions in September were at a rate of 1,049,000; this is 3.2 percent (8.8 percent) above the revised August rate of 1,016,000. The September rate for units in buildings with five units or more was 376,000.