US Homebuilding Starts Crash 9.4% in September

US September 2019 Homebuilding starts

They don’t call it Fall for nothing. As summer ended, US homebuilding starts fell 9.4% to a seasonally adjusted annual rate of 1.256 million units in September 2019 lead by a big decline in the multi-family housing, the Commerce Department said today. One piece of good news was the data for August 2019 was revised higher to 1.386 million units, which would be the highest level of starts since the financial crisis. Economists, wrong as usually were expecting a 3.2% decline to 1.320 million unit annualized. US Housing starts rose 1.6% year over year as well. Starts decreased across all… Read moreUS Homebuilding Starts Crash 9.4% in September