US home construction up 1.9% in September to 1.4 million
U.S. home construction rose a solid 1.9% in September after having fallen in August as home building remains one of the bright spots for the economy
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.U.S. home construction rose a solid 1.9% in September after having fallen in August as home building remains one of the bright spots for the economy
The Commerce Department reported Tuesday that the September increased pushed home construction to a seasonally adjusted annual rate of 1.42 million homes and apartments after a 6.7% drop in August.
Applications for building permits, a good sign of future activity, rose an even stronger 5.2% to 1.55 million units.
After a plunge in the spring due to pandemic-related lockdowns, housing has staged a solid rebound as demand for homes with more space has grown and mortgage-rates have stayed at ultra-low levels.