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 1,223,000. This is 4.1 percent (±0.9 percent) below the revised June rate of 1,275,000, but is 4.1 percent (±1.8 percent) above the July 2016 rate of 1,175,000.
Single-family authorizations in July were at a rate of 811,000; this is unchanged from the revised June figure of 811,000. Authorizations of units in buildings with five units or more were at a rate of 377,000 in July.
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,155,000. This is 4.8 percent (±10.2 percent) below the revised June estimate of 1,213,000 and is 5.6 percent (±8.5 percent) below the July 2016 rate of 1,223,000.
Single-family housing starts in July were at a rate of 856,000; this is 0.5 percent (±8.5 percent) below the revised June figure of 860,000. The July rate for units in buildings with five units or more was 287,000.
Privately-owned housing completions in July were at a seasonally adjusted annual rate of 1,175,000. This is 6.2 percent (±14.3 percent) below the revised June estimate of 1,252,000, but is 8.2 percent (±12.6 percent) above the July 2016 rate of 1,086,000.
Single-family housing completions in July were at a rate of 814,000; this is 1.6 percent (±11.9 percent) below the revised June rate of 827,000. The July rate for units in buildings with five units or more was 354,000.