20
Oct

Tampa Real Estate Market – New Housing Starts – September

The Commerce Department released this morning housing starts for September.  Privately-owned (multi-family) starts increased by .5% to a seasonally adjusted annual rate of 590,000 units, market expectations were 607,000.  August’s previously reported starts of 598,000 was adjusted lower to 587,000.   While single-family housing starts rose at a rate of 501,000 which was 3.9% above the revised August figure of 482,000 

Additionally Building Permit numbers were also released.  Privately-owned housing units authorized by building permits were at an adjusted annual rate of 573,000 which was 1.2% below the revised August rate of 580,000.  We are still 28.9% below September 2008 estimate of 806,000.  Single-family permit authorizations in September were down  a larger amount of 3% a rate of  450,000 which was below the revised August figure of 464,000

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