The U.S. Government is reporting that privately owned housing starts in July were at a seasonally adjusted annual rate of 1,155,000. This is 4.8% below the revised June’s estimate and is 5.6% below July 2016. Single-family housing starts in July were at a rate of 856k and the rate for units in buildings with five units or more was 287k. Privately-owned housing units authorized by building permits were at an annual rate of 1,223,000. This figure is 4.1% below June’s revised rate, but is 4.1% above the July 2016. Single-family authorizations in July were at a rate of 811k. Authorizations of units in buildings with five units or more were at a rate of 377k.
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