Housing Starts Down In July

12211_homebuilder5 Housing Starts Down In July Single-family housing starts in July were at a rate of 502,000, which is 6.5% below the revised June figure of 537,000, 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 July were at a seasonally adjusted annual rate of 746,000. This is 1.1% below the revised June estimate of 754,000 but is 21.5% above the July 2011 rate of 614,000.

Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 812,000. This is 6.8% above the revised June rate of 760,000 and is 29.5% above the July 2011 estimate of 627,000. Single-family authorizations in July were at a rate of 513,000, which is 4.5% above the revised June figure of 491,000.

Privately owned housing completions in July were at a seasonally adjusted annual rate of 668,000. This is 7.1% above the revised June estimate of 624,000 and is 5.4% above the July 2011 rate of 634,000. Single-family housing completions in July were at a rate of 448,000; this is 5.9% below the revised June rate of 476,000.

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