Housing Starts Fall 5.2% in September as Builders Face Higher Costs
U.S. housing starts fell 5.2% in September to a 1.22 million annual pace, NAHB reported, citing high mortgage rates and rising costs.
Key facts
- Total starts fell 5.2% in September to a 1.22 million annualized pace, based on data from the Census Bureau and the U.S. Department of Housing and Urban Development.
- Single-family starts dropped 4.6% to an 859,000 annualized rate but remain 2.6% above September 2025.
- Multifamily starts fell 6.7% to a 362,000 pace and are 24.9% below September 2025.
- Single-family permits declined 4% to an 845,000 rate, down 4.8% from September 2025.
- NAHB forecaster Danushka Nanayakkara-Skillington said the data fit the group's outlook for lower production in 2026 and further declines in 2027.
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Read the original at National Association of Home Builders (NAHB) (opens in a new tab)
Source: Single-Family Starts Down as Affordability Challenges Persist — National Association of Home Builders (NAHB), October 20, 2026. Summary and commentary by RISE Community; read the full story at the source.
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