US housing starts and building permits climb by double-digits

Thursday, 20 September 2012 22:17:31 (GMT+3)   |  
       

The US Census Bureau and the Department of Housing and Urban Development jointly announced Wednesday that building permits in August were at a seasonally adjusted annual rate of 803,000, 1 percent below the July rate but a 24.5 percent surge over August 2011 levels. Single-family authorizations in August were at a rate of 512,000; this is 0.2 percent above the revised July figure of 511,000.

Privately-owned housing starts in August were at a seasonally adjusted annual rate of 750,000. This is 2.3 percent above the revised July estimate of 733,000 and is 29.1 percent above the August 2011 rate of 581,000. Single-family housing starts in August were at a rate of 535,000; this is 5.5 percent above the revised July figure of 507,000.

Privately-owned housing completions in August were at a seasonally adjusted annual rate of 689,000. This is 0.7 percent above the revised July estimate of 684,000 and is 11.7 percent above the August 2011 rate of 617,000. Single-family housing completions in August were at a rate of 489,000; this is 5.4 percent above the revised July rate of464,000.


Similar articles

WSD Strategic Insights #12: US steel activity indices have stagnated

21 May | Steel Matters

Construction spending in US jumps 9.2 percent in 2012

05 Feb | Steel News

Construction spending in US jumps 9.2 percent year-to-date

03 Jan | Steel News

Marcus: World steel industry is in a “rutted road”

19 Oct | Interview

Architecture Billings Index shows further decline in July

23 Aug | Steel News

US’ Architecture Billing Index shows another weak month in June

19 Jul | Steel News

US building permits and housing starts rise by double digits in June

19 Jul | Steel News

Republic Steel breaks ground on new EAF in Ohio

01 Jun | Steel News

Steel Scene longs panel: Are dumping cases on the horizon for the US’ wire rod and rebar market?

11 May | Steel News

Tenaris plans new heat treat mill in Colombia

17 Apr | Steel News