Research >> Economics
August Housing starts up 1.5%, Permits up 2.7%
|
BUILDING PERMITS
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 579,000. This is 2.7 percent (±1.2%) above the revised July rate of 564,000, but is 32.4 percent (±1.3%) below the August 2008 estimate of 857,000. Single-family authorizations in August were at a rate of 462,000; this is 0.2 percent (±1.1%) below the revised July figure of 463,000. Authorizations of units in buildings with five units or more were at a rate of 98,000 in August.
HOUSING STARTS
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 598,000. This is 1.5 percent (±7.9%) above the revised July estimate of 589,000, but is 29.6 percent (±6.0%) below the August 2008 rate of 849,000. Single-family housing starts in August were at a rate of 479,000; this is 3.0 percent (±5.7%) below the revised July figure of 494,000. The August rate for units in buildings with five units or more was 115,000.
HOUSING COMPLETIONS
Privately-owned housing completions in August were at a seasonally adjusted annual rate of 760,000. This is 5.5 percent (±14.0%) below the revised July estimate of 804,000 and is 25.3 percent (±9.6%) below the August 2008 rate of 1,018,000. Single-family housing completions in August were at a rate of 489,000; this is 1.6 percent (±12.7%) below the revised July figure of 497,000. The August rate for units in buildings with five units or more was 256,000.
Posted: September 17, 2009 Thursday 08:30 AM