Steel Markets
October 22, 2015
Housing Starts, Permits and Builder Confidence
Written by Peter Wright
Total housing starts in September were at an annual rate of 1,206,000 which was only the second time to break 1,200,000 since the recession. The first was in June. In September the three month moving average (3MMA) was 1,163,000 which was also the second best month since the recession. The best month was last month, August. Total starts are still on track to reach 1.6 million units annualized by the end of 2018 (Figure 1).
