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

Friday, 17 August 2018 19:01:40 (GMT+3)   |   San Diego
       

The US Census Bureau and the US Department of Housing and Urban Development jointly announced that privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,311,000.  This is 1.5 percent (±1.3 percent) above the revised June rate of 1,292,000 and is 4.2 percent (±1.7 percent) above the July 2017 rate of 1,258,000. 

Single-family authorizations in July were at a rate of 869,000; this is 1.9 percent (±1.4 percent) above the revised June figure of 853,000.  Authorizations of units in buildings with five units or more were at a rate of 410,000 in July.

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,168,000.  This is 0.9 percent (±11.5 percent) above the revised June estimate of 1,158,000, but is 1.4 percent (±11.7 percent) below the July 2017 rate of 1,185,000. 

Single-family housing starts in July were at a rate of 862,000; this is 0.9 percent (±9.6 percent) above the revised June figure of 854,000. The July rate for units in buildings with five units or more was 303,000. 

Privately-owned housing completions in July were at a seasonally adjusted annual rate of 1,188,000.  This is 1.7 percent (±10.9 percent) below the revised June estimate of 1,209,000 and is 0.8 percent (±11.3 percent) below the July 2017 rate of 1,197,000. 

Single-family housing completions in July were at a rate of 814,000; this is 5.2 percent (±7.8 percent) below the revised June rate of 859,000. The July rate for units in buildings with five units or more was 371,000.


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