Residential construction shows continued signs of recovery in September

New construction volume continues to outperform predictions, as statistics from the U.S. Commerce Department’s Census Bureau demonstrate.

Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,727,000 – 3.7% above the revised August rate of 1,666,000 and 10% above the September 2001 estimate of 1,570,000.

Privately owned housing starts in September were at a seasonally adjusted rate of 1,843,000, which is 13.3% above the revised August estimate of 1,627,000 and 16.5% above the September 2001 rate of 1,582,000.

The Census Bureau releases residential construction data once a month.