U.S. Census Bureau NewsU.S. Department of Housing and Urban DevelopmentWashington, D.C. 20233

NEW RESIDENTIAL CONSTRUCTION IN SEPTEMBER 2010

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for September 2010:BUILDING PERMITSPrivately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 539,000. This is 5.6 percent below the revised August rate of 571,000 and is 10.9 percent below the September 2009 estimate of 605,000.Single-family authorizations in September were at a rate of 405,000; this is 0.5 percent above the revised August figure of 403,000. Authorizations of units in buildings with five units or more were at a rate of 111,000 in September.HOUSING STARTSPrivately-owned housing starts in September were at a seasonally adjusted annual rate of 610,000. This is 0.3 percent above the revised August estimate of 608,000 and is 4.1 percent above the September 2009 rate of 586,000.Single-family housing starts in September were at a rate of 452,000; this is 4.4 percent above the revised August figure of 433,000. The September rate for units in buildings with five units or more was 150,000.HOUSING COMPLETIONSPrivately-owned housing completions in September were at a seasonally adjusted annual rate of 648,000. This is 7.3 percent above the revised August estimate of 604,000, but is 10.1 percent below the September 2009 rate of 721,000.Single-family housing completions in September were at a rate of 501,000; this is 4.8 percent above the revised August rate of 478,000. The September rate for units in buildings with five units or more was 138,000.New Residential Construction data for October 2010 will be released on Wednesday, November 17, 2010.http://www.census.gov/newresconstCounty Properties, 24 years of brokerage experience, trust and a Member of the local Better Business Bureau! We offer free counseling in real estate regarding; home values and information on options of selling vs. Foreclosure.Click here to get loan information before the rates go up. To get started on viewing homes, condos, investment properties, pre-foreclosures, bank owned foreclosures (REO's) or thinking of selling your property, please contact me today for free counseling at (619) 301-0200  .