August Building Permits Below Revised July Rate

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2013.

Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 918,000. This is 3.8 percent (±1.3 percent) below the revised July rate of 954,000, but is 11 percent (±1.8 percent) above the August 2012 estimate of 827,000.

Single-family authorizations in August were at a rate of 627,000; this is 3 percent (±0.9 percent) above the revised July figure of 609,000. Authorizations of units in buildings with five units or more were at a rate of 268,000 in August.

Privately-owned housing starts in August were at a seasonally adjusted annual rate of 891,000. This is 0.9 percent (±13 percent) above the revised July estimate of 883,000 and is 19 percent (±11.1 percent) above the August 2012 rate of 749,000.

Single-family housing starts in August were at a rate of 628,000; this is 7 percent (±13.9 percent) above the revised July figure of 587,000. The August rate for units in buildings with five units or more was 252,000.

Privately-owned housing completions in August were at a seasonally adjusted annual rate of 769,000. This is 0.3 percent (±15.6 percent) above the revised July estimate of 767,000 and is 12.1 percent (±15.1 percent) above the August 2012 rate of 686,000.

Single-family housing completions in August were at a rate of 573,000; this is 0.5 percent (±12.8 percent) above the revised July rate of 570,000. The August rate for units in buildings with five units or more was 191,000.

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