Building permits in September 2012 were at a seasonally adjusted annual rate of 894,000, up 11.6 percent from the revised August rate and up 45.1 percent from September 2011. Housing starts in September 2012 were at a seasonally adjusted annual rate of 872,000, up 15.0 percent from the revised August estimate and up 34.8 percent from September 2011.
New Residential Construction, also known as "housing starts and building permits," is a monthly report released by the Economics & Statistics Administration, United States Department of Commerce, from data gathered jointly from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), on the construction of private residential structures, such as single-family homes and apartment buildings.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only, registered investment adviser. Since 1999, Chris has devoted himself to the practice of financial services – helping people make money, save money, protect money, have convenience and peace of mind. Connect with Chris@BryantWealthManagement.com.
Chris Bryant is an American financial advisor.