BY BRAD BECKETT ON SEPTEMBER 30, 2018
The U.S. Government is reporting that privately owned housing starts in August were at a seasonally adjusted annual rate of 1,282,000. This figure is 9.2% higher than July’s revised estimate and is 9.4% higher than August, 2017. Single-family housing starts in August were at a rate of 876k and the rate for units in buildings with five units or more was 392k. Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,229,000. This is 5.7% lower than July’s revised rate and is 5.5% lower than August 2017. Single-family authorizations in August were at a rate of 820k and authorizations of units in buildings with five units or more were at a rate of 370k.
