The U.S. Government is reporting that privately owned housing starts in July were at a seasonally adjusted annual rate of 1,168,000, which is 0.9% above June’s revised figure. However, July’s number is 1.4% lower than July, 2017’s rate. Single-family housing starts in July were at a rate of 862k, which is also 0.9% above June’s revised figure. The 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 1,311,000, which is 1.5% above the June’s revised rate and is 4.2% higher than July, 2017. Single-family authorizations in July were at a rate of 869k, which is 1.9% above June’s revised figure. Authorizations. of units in buildings with five units or more were at a rate of 410k.
Click here to read the full report on Census.gov.
