Mumbai, Oct. 21 -- Housing starts in the United States came in at a seasonally adjusted annual rate of 1,221,000 in September, falling 5.2% compared to the revised reading from the month prior, the US Census Bureau said in its report on Tuesday. Year-over-year, the figure declined 7.4%.
Compared to August, single-family housing starts dipped 4.6% to stand at 859,000 in the reported month. The September rate for units in buildings with five units or more was 349,000. Privately-owned housing units authorized by building permits fell by 0.2% monthly and by 3% annually to 1,400,000.
Housing completions rose 2.2% month-on-month and slumped 14% year-over-year to 1,192,000, while single-family completions dropped 2.4% to 840,000 on a monthly bas...