Single-family housing starts rise 12.8 percent in July
But starts are bright spot; privately-owned permits slide 16.3 percent for month.
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for July 2015:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,119,000. This is 16.3 percent (±1.1%) below the revised June rate of 1,337,000, but is 7.5 percent (±1.4%) above the July 2014 estimate of 1,041,000.
Single-family authorizations in July were at a rate of 679,000; this is 1.9 percent (±1.0%) below the revised June figure of 692,000. Authorizations of units in buildings with five units or more were at a rate of 412,000 in July.
HOUSING STARTS
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,206,000. This is 0.2 percent (±15.2%)* above the revised June estimate of 1,204,000 and is 10.1 percent (±10.8%)* above the July 2014 rate of 1,095,000.
Single-family housing starts in July were at a rate of 782,000; this is 12.8 percent (±9.8%) above the revised June figure of 693,000. The July rate for units in buildings with five units or more was 413,000.
HOUSING COMPLETIONS
Privately-owned housing completions in July were at a seasonally adjusted annual rate of 987,000. This is 2.4 percent (±13.4%)* above the revised June estimate of 964,000 and is 14.6 percent (±11.5%) above the July 2014 rate of 861,000.
Single-family housing completions in July were at a rate of 627,000; this is 1.4 percent (±10.9%)* below the revised June rate of 636,000. The July rate for units in buildings with five units or more was 350,000.
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