Building Permits Up 8.4%, Housing Starts Down 4%

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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.

Click here to read the full report at the U.S. Census Bureau.

 

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Director of Education & Outreach, National Real Estate Investors Association