US: Housing starts in Sept were at 1,127,000, 4.7% below August estimate of 1,183,000

"Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,127,000. This is 4.7 percent below the revised August estimate of 1,183,000 but is 6.1 percent above the September 2016 rate of 1,062,000," the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced on Wednesday.

Key highlights:

• Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,215,000.
• This is 4.5 percent below the revised August rate of 1,272,000 and is 4.3 percent below the September 2016 rate of 1,270,000.
• Single-family authorizations in September were at a rate of 819,000; this is 2.4 percent above the revised August figure of 800,000.
• Authorizations of units in buildings with five units or more were at a rate of 360,000 in September.