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 1,442,000. This is 0.1 percent above the revised June rate of 1,441,000, but is 13.0 percent below the July 2022 rate of 1,658,000.
Single‐family authorizations in July were at a rate of 930,000; this is 0.6 percent above the revised June figure of 924,000. Authorizations of units in buildings with five units or more were at a rate of 464,000 in July.
Privately‐owned housing starts in July were at a seasonally adjusted annual rate of 1,452,000. This is 3.9 percent (±16.0 percent) above the revised June estimate of 1,398,000 and is 5.9 percent (±16.1 percent) above the July 2022 rate of 1,371,000.
Single‐family housing starts in July were at a rate of 983,000; this is 6.7 percent (±13.0 percent) above the revised June figure of 921,000. The July rate for units in buildings with five units or more was 460,000.
Privately‐owned housing completions in July were at a seasonally adjusted annual rate of 1,321,000. This is 11.8 percent (±7.8 percent) below the revised June estimate of 1,498,000 and is 5.4 percent (±11.1 percent) below the July 2022 rate of 1,396,000.
Single‐family housing completions in July were at a rate of 1,018,000; this is 1.3 percent (±11.6 percent) above the revised June rate of 1,005,000. The July rate for units in buildings with five units or more was 297,000.