Single-family Housing Starts Climb 6.7% in July
Multi-family starts inch up 3.9% in for month.
Building Permits
Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,442,000. This is 0.1 percent above the revised June rate of 1,441,000, but is 13.0 percent below the July 2022 rate of 1,658,000.
Single-family authorizations in July were at a rate of 930,000; this is 0.6 percent above the revised June figure of 924,000. Authorizations of units in buildings with five units or more were at a rate of 464,000 in July.
Housing Starts
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,452,000. This is 3.9 percent (±16.0 percent)* above the revised June estimate of 1,398,000 and is 5.9 percent (±16.1 percent)* above the July 2022 rate of 1,371,000.
Single-family housing starts in July were at a rate of 983,000; this is 6.7 percent (±13.0 percent)* above the revised June figure of 921,000. The July rate for units in buildings with five units or more was 460,000.
Housing Completions
Privately-owned housing completions in July were at a seasonally adjusted annual rate of 1,321,000. This is 11.8 percent (±7.8 percent) below the revised June estimate of 1,498,000 and is 5.4 percent (±11.1 percent)* below the July 2022 rate of 1,396,000.
Single-family housing completions in July were at a rate of 1,018,000; this is 1.3 percent (±11.6 percent)* above the revised June rate of 1,005,000. The July rate for units in buildings with five units or more was 297,000.
CONTRACTOR SUPPLY MAGAZINE
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