The Census Bureau reports that privately owned housing starts for September were at a seasonally adjusted annual rate of 1,530,000. This rate is essentially unchanged from the revised August figure of 1,525,000, but it is a 6% decline from the September 1999 rate of 1,628,000.
September’s single-family housing starts were at the level of 1,233,000 units µ a 1% decrease compared to the August figure of 1,249,000. The rate for buildings with two to four units was 35,000, while the rate for buildings with five units or more was 262,000.