Housing Starts Up In August

Posted by Orb Staff on September 19, 2012 No Comments
Categories : Residential Mortgage

12424_0a1 Housing Starts Up In August Single-family housing starts in August were at a rate of 535,000, a 5.5% increase above the revised July figure of 507,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Privately owned housing starts in August were at a seasonally adjusted annual rate of 750,000. This is 2.3% above the revised July estimate of 733,000 and is 29.1% above the August 2011 rate of 581,000.

Privately owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 803,000. This is 1% below the revised July rate of 811,000, but is 24.5% above the August 2011 estimate of 645,000.

Single-family authorizations in August were at a rate of 512,000; this is 0.2% above the revised July figure of 511,000. Authorizations of units in buildings with five units or more were at a rate of 263,000 in August.

Privately owned housing completions in August were at a seasonally adjusted annual rate of 689,000. This is 0.7% above the revised July estimate of 684,000 and is 11.7% above the August 2011 rate of 617,000.

Single-family housing completions in August were at a rate of 489,000; this is 5.4% above the revised July rate of 464,000. The August rate for units in buildings with five units or more was 193,000.

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