Research >> Economics
July Housing Starts up 2.1%, Permits down 0.1%
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BUILDING PERMITS
Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,152,000. This is 0.1 percent (±1.2%) below the revised June rate of 1,153,000, but is 0.9 percent (±1.5%) above the July 2015 estimate of 1,142,000. Single-family authorizations in July were at a rate of 711,000; this is 3.7 percent (±1.4%) below the revised June figure of 738,000. Authorizations of units in buildings with five units or more were at a rate of 411,000 in July.
HOUSING STARTS
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,211,000. This is 2.1 percent (±8.8%) above the revised June estimate of 1,186,000 and is 5.6 percent (±14.7%) above the July 2015 rate of 1,147,000.
Single-family housing starts in July were at a rate of 770,000; this is 0.5 percent (±8.6%) above the revised June figure of 766,000. The July rate for units in buildings with five units or more was 433,000.
HOUSING COMPLETIONS
Privately-owned housing completions in July were at a seasonally adjusted annual rate of 1,026,000. This is 8.3 percent (±8.9%) below the revised June estimate of 1,119,000, but is 3.2 percent (±11.2%) above the July 2015 rate of 994,000. Single-family housing completions in July were at a rate of 743,000; this is 0.4 percent (±8.8%) below the revised June rate of 746,000. The July rate for units in buildings with five units or more was 275,000.
Posted: August 16, 2016 Tuesday 08:30 AM