Housing Starts Dip, Permits Rise

Newman, Emily
October 2004
Bond Buyer;10/20/2004, Vol. 350 Issue 31993, p2
Trade Publication
The article presents information about groundbreaking for new U.S. home construction in September 2004 which fell 6.0%, while private housing permits increased 1.8% last month, according to the U.S. Commerce Department data. Private housing starts shrank to 1.898 million units in September 2004, following a revised 2.020 million-unit level the previous month, initially reported as 2.000 million units. The level for housing starts is 1.2% lower than the September 2003 rate of 1.922 million. Building permits, a harbinger of future home construction, logged 2.005 million units in September 2004, following a revised 1.969 million level the previous month, according to Commerce data.


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