WASHINGTON, DC—Housing starts made a nice jump in September,fueled in large part by multifamily activity.
Privately-owned housing starts rose 17.3% inSeptember year over year, to a seasonally adjusted1,017,000, according to a US CommerceDepartment report released on Friday. September's startsalso represent a 6.3% increase over the revisedAugust estimate of 957,000.
Single-family housing starts in September were at a rate of646,000; this is 1.1% above the revised August figure of 639,000.Tellingly, the September rate for units in buildings with fiveunits or more was 353,000.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
