Housing Starts Down in August

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The U.S. government is reporting that privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,416,000, which is 5.1% below than July’s revised number.  August’s rate for units in buildings with five units or more was 375k.  Privately‐owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,470,000, which was 0.9% higher than July’s revised number.  Authorizations of units in buildings with five units or more were at a rate of 381k in June.

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

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