Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,215,000. This is 4.5 percent below the revised August rate of 1,272,000 (down 5.6 percent in the South) and is 4.3 percent below the September 2016 rate of 1,270,000 (down 5.3 percent in the South).

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