August housing starts rebound 9.2 percent from July and 9.4 percent year-on-year
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,282,000. This is 9.2 percent above the revised July estimate of 1,174,000 and is 9.4 percent above the August 2017 rate of 1,172,000.
August building permits dip 5.7 percent from July, down 5.5 percent year-on-year
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,229,000. This is 5.7 percent below the revised July rate of 1,303,000 and is 5.5 percent below the August 2017 rate of 1,300,000.
September builder confidence holds steady at 67
Builder confidence remained steady at 67 in September on the NAHB’s Housing Market Index. Current sales conditions rose one point to 74, six-month expectations increased two points to 74, and buyer traffic remained unchanged at 49.