US Housing Starts, Permits Sept and Lumber Prices Oct: 2021

https://youtu.be/L2K9el1MY30

Bumping up and down for the past few months, US total housing starts for September 2021 dropped by -1.6% to a seasonally adjusted annual rate of 1.555 million. Continuing to make year-over-year gains, for September 2021 total residential starts in the US rose by +7.4% from the same month one year ago, when it was 1.448 million. Also waffling up and down in recent months, permits for future homebuilding in September were down by -7.7% compared to August 2021, when it was 1.721 million, to a rate of 1.589 million units. September 2021 permits are flat compared to September 2020 when it was 1.589 million.


September starts of single-family housing, the largest share of the market and construction method which uses the most wood, was 1.080 million annualized, which is also flat compared to August 2021. Single-family permits were again almost flat, at 1.041 million units compared to August when it was 1.050 million units.

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