U.S. housing construction surges in August
Permits climb 7.7 percent and starts grow 12.3 percent for month.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2019:
Building Permits
Privately‐owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,419,000. This is 7.7 percent (±1.2 percent) above the revised July rate of 1,317,000 and is 12.0 percent (±1.6 percent) above the August 2018 rate of 1,267,000.
Single‐family authorizations in August were at a rate of 866,000; this is 4.5 percent (±0.8 percent) above the revised July figure of 829,000. Authorizations of units in buildings with five units or more were at a rate of 509,000 in August.
Housing Starts
Privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,364,000. This is 12.3 percent (±10.2 percent) above the revised July estimate of 1,215,000 and is 6.6 percent (±11.6 percent)* above the August 2018 rate of 1,279,000.
Single‐family housing starts in August were at a rate of 919,000; this is 4.4 percent
(±10.3 percent)* above the revised July figure of 880,000. The August rate for units in buildings with five units or more was 424,000.
Housing Completions
Privately‐owned housing completions in August were at a seasonally adjusted annual rate of 1,294,000. This is 2.4 percent (±11.5 percent)* above the revised July estimate of 1,264,000 and is 5.0 percent (±11.2 percent)* above the August 2018 rate of 1,232,000.
Single‐family housing completions in August were at a rate of 945,000; this is 3.7
percent (±10.5 percent)* above the revised July rate of 911,000. The August rate for units in buildings with five units or more was 338,000.
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