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Residential Construction

New Residential Construction

Building permits in October 2014 were at a seasonally adjusted annual rate (SAAR) of 1,080,000, up 4.8 percent from the revised September rate and up 1.2 percent from October 2013.

Housing starts in October 2014 were at a SAAR of 1,009,000, down 2.8 percent from September and up 7.8 percent from October 2013.

Statement from U.S. Commerce Secretary Gary Locke on New Residential Construction in March 2011

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released data on new residential construction in March 2011. Permits for new housing units increased 11.2 percent, significantly exceeding private-sector expectations of a 3.0-percent rise. Housing starts increased 7.2 percent, compared with private-sector expectations of a 10.0-percent rise.

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