Builders began work on new homes and apartments at a seasonally adjusted annual rate of 1.89 million units in September, the Commerce Department reported. This was up 3.4 percent from August and a clear sign of housing’s continuing solid momentum.

“We’ve now had four consecutive months of housing production above the 1.8 million-unit pace, and that is truly remarkable,” said Kent Conine, president of the National Association of Home Builders (NAHB) and a home and apartment builder from Dallas. “Undoubtedly, last month’s fallback in long-term mortgage rates was a contributing factor, as well as strong household formations and the accelerating economy.” The average rate on long-term mortgages in September was just over 6 percent.

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