Steel Markets
October 19, 2014
Housing Starts, Permits and Builder Confidence through September 2014
Written by Peter Wright
Housing starts in September increased to an annual rate of 1,017,000 units from 957,000 in August. The three month moving average (3MMA) increased from 988,000 to 1,024,000 units, (Figure 1). This was the first time since January that the 3MMA had exceeded a million units. The year over year growth rate of the 3MMA of total starts in September was 16.1 percent. Total starts are still on track to reach 1.6 million by the end of 2018.
