US residential building permits and housing starts drop in July while completions rise

Tuesday, 16 August 2022 18:35:17 (GMT+3)   |   San Diego
       

The US Census Bureau and the US Department of Housing and Urban Development announced that privately‐owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,674,000. This is 1.3 percent below the revised June rate of 1,696,000, but is 1.1 percent above the July 2021 rate of 1,655,000.

Single‐family authorizations in July were at a rate of 928,000; this is 4.3 percent below the revised June figure of 970,000.  Authorizations of units in buildings with five units or more were at a rate of 693,000 in July.

Privately‐owned housing starts in July were at a seasonally adjusted annual rate of 1,446,000.  This is 9.6 percent (±8.6 percent) below the revised June estimate of 1,599,000 and is 8.1 percent (±11.9 percent) below the July 2021 rate of 1,573,000. 

Single‐family housing starts in July were at a rate of 916,000; this is 10.1 percent (±10.8 percent) below the revised June figure of 1,019,000. The July rate for units in buildings with five units or more was 514,000. 

Privately‐owned housing completions in July were at a seasonally adjusted annual rate of 1,424,000.  This is 1.1 percent (±14.8 percent) above the revised June estimate of 1,409,000 and is 3.5 percent (±15.5 percent) above the July 2021 rate of 1,376,000. 

Single‐family housing completions in July were at a rate of 1,009,000; this is 0.8 percent (±12.2 percent) below the revised June rate of 1,017,000. The July rate for units in buildings with five units or more was 412,000.


Similar articles

US new home sales down 0.3 percent in February

25 Mar | Steel News

US residential building permits, housing starts and completions all rise in February

19 Mar | Steel News

US construction sector adds 23,000 jobs in February

08 Mar | Steel News

US construction spending down 0.2 percent in January

01 Mar | Steel News

US new home sales up 1.5 percent in January

26 Feb | Steel News

US residential building permits, housing starts and completions all decline in January

16 Feb | Steel News

US construction employment adds 11,000 jobs in January

05 Feb | Steel News

US construction spending up 0.9 percent in December

01 Feb | Steel News

US new home sales up 8 percent in December

25 Jan | Steel News

US residential building permits and housing completions rise in December

18 Jan | Steel News