New Residential Construction Report: September 2016

This week's New Residential Construction Report showed mixed results with total permit activity rising 6.3% since August while total starts declined a notable 9.0% over the same period.

Single family housing permits, the most leading of indicators, rose 0.4% from August to 739K single family units (SAAR), rising 4.4% above the level seen a year earlier and still remained well below levels seen at the peak in September 2005.

Single family housing starts rose 8.1% from August to 783K units (SAAR) rising 5.4% above the level seen a year earlier but still remained well below the levels seen at the peak in September 2005.