US Census Bureau releases July residential construction statistics

Wednesday, 18 August 2010 00:07:21 (GMT+2)

In terms of building permits, privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 565,000. This is 3.1 percent below the revised June rate of 583,000 and is 3.7 percent below the July 2009 estimate of 587,000.

Single-family authorizations in July were at a rate of 416,000; this is 1.2 percent below the revised June figure of 421,000. Authorizations of units in buildings with five units or more were at a rate of 129,000 in July.

Looking at housing starts, privately-owned housing starts in July were at a seasonally adjusted annual rate of 546,000. This is 1.7 percent above the revised June estimate of 537,000, but is 7.0 percent below the July 2009 rate of 587,000.

Single-family housing starts in July were at a rate of 432,000; this is 4.2 percent below the revised June figure of 451,000.  The July rate for units in buildings with five units or more was 95,000.

Shifting focus to completions, privately-owned housing completions in July were at a seasonally adjusted annual rate of 587,000. This is 32.8 percent below the revised June estimate of 874,000 and is 25.4 percent below the July 2009 rate of 787,000.

Single-family housing completions in July were at a rate of 490,000; this is 27.5 percent below the revised June rate of 676,000. The July rate for units in buildings with five units or more was 91,000.

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