Research >> Economics

August Housing starts up 10.5%, Permits up 1.8%


BUILDING PERMITS
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 569,000. This is 1.8 percent (±2.0%) above the revised July rate of 559,000, but is 6.7 percent (±1.4%) below the August 2009 estimate of 610,000. Single-family authorizations in August were at a rate of 401,000; this is 1.2 percent (±1.0%) below the revised July figure of 406,000. Authorizations of units in buildings with five units or more were at a rate of 150,000 in August.

HOUSING STARTS
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 598,000. This is 10.5 percent (±11.9%) above the revised July estimate of 541,000 and is 2.2 percent (±9.7%) above the August 2009 rate of 585,000. Single-family housing starts in August were at a rate of 438,000; this is 4.3 percent (±12.4%) above the revised July figure of 420,000. The August rate for units in buildings with five units or more was 147,000.

HOUSING COMPLETIONS
Privately-owned housing completions in August were at a seasonally adjusted annual rate of 603,000. This is 5.6 percent (±12.6%) above the revised July estimate of 571,000, but is 23.7 percent (±9.6%) below the August 2009 rate of 790,000. Single-family housing completions in August were at a rate of 482,000; this is 1.3 percent (±12.0%) above the revised July rate of 476,000. The August rate for units in buildings with five units or more was 115,000.






Posted: September 21, 2010 Tuesday 08:30 AM




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