Skip to main content

Housing Starts Down in September

Oct 18, 2017
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) dropped slightly after weeks of steady increases

Single-family housing starts in September were at a rate of 829,000, which is 4.6 percent below the revised August figure of 869,000, according to new data from the U.S. Census Bureau and Department of Housing and Urban Development.
 
Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,127,000, a 4.7 percent drop from the revised August estimate of 1,183,000 but a 6.1 percent rise above the September 2016 rate of 1,062,000. 
 
Single-family authorizations in September were at a rate of 819,000, a 2.4 percent increase from the revised August figure of 800,000. Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,215,000, which is 4.5 percent below the revised August rate of 1,272,000 and is 4.3 percent below the September 2016 rate of 1,270,000.
 
Single-family housing completions in September were at a rate of 781,000, a 4.6 percent increase from the revised August rate of 747,000. Privately-owned housing completions in September were at a seasonally adjusted annual rate of 1,109,000, a 1.1 percent uptick from the revised August estimate of 1,097,000 and a 10.3 percent leap above the September 2016 rate of 1,005,000.

 
About the author
Published
Oct 18, 2017
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024