The U.S. government is reporting that privately‐owned housing starts in July were at a seasonally adjusted annual rate of 1,191,000, which is 4% lower than July’s revised estimate. Single‐family housing starts in July were at a rate of 876k, which is 1.3% higher than June’s revised figure. July’s rate for units in buildings with five units or more was 303k. Privately‐owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,336,000, which is 8.4% above the June’s revised rate. However, it is 1.5% higher than July, 2018. Single‐family authorizations were at a rate of 838,000 and authorizations of units in buildings with five units or more were at a rate of 453k.