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Sign into your accountHousing Starts Up; Permits Down
October 20 2010
The Census Bureau released the September 2010 new residential construction statistics — the housing starts report — this morning. The housing starts report tracks new building permits, new construction starts, and newly completed homes. These are used together as a leading economic indicator.
The report was a bit of a mixed bag—there were slight ticks up in both completions and starts (7.3% and 0.3%, respectively) from August estimates, while new permits dropped 5.6% from August estimates.