Building Permits Plummet 7.7% in September to Maintain Same Levels as Prior Year

Building Permits Plummet 7.7% in September to Maintain Same Levels as Prior Year

(Census Bureau) Building permits for privately-owned housing units were 1.589 million in September, down 7.7% from August. The permits were little changed from September 2020.

Building Permits, Housing Starts, and Completions

Housing starts averaged an annual rate of 1.555 million in September, 1.6% below the August rate. The housing starts were 7.4% above the prior year.

Housing completions reached an annual rate of 1.24 million in September, down 4.6% from August. The completions were 13.0% below the prior year.

SPY is up +0.53%, DXY is down -0.33%.

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