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Oct. 18, 2002: September Housing Starts Up Sharply

October 18, 2002
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WASHINGTON, DC — Total privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,843,000 units, a 13.3% jump from the revised August estimate of 1,627,000 and a 16.5% climb above the September 2001 rate of 1,582,000, according to the U.S. Department of Commerce.

Single-family housing starts in September 2002 rose even faster — increasing 18.2% to a rate of 1,477,000 units over the August figure of 1,250,000.

Building permits for privately-owned housing units in September were at a seasonally adjusted annual rate of 1,727,000. This is 3.7% above the revised August rate of 1,666,000 and 10% above the September 2001 estimate of 1,570,000.

Publication date: 10/14/2002

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