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Residential construction increases reported

HUD and the Census Bureau have announced that July building permits, housing starts, and housing completions all increased.

Building Permits: Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,495,000. This is 18.8 percent above the revised June rate of 1,258,000 and is 9.4 percent above the July 2019 rate of 1,366,000. Single‐family authorizations in July were at a rate of 983,000, 17.0 percent above the revised June figure of 840,000. Authorizations of units in buildings with five units or more were at a rate of 467,000 in July.

Housing Starts: Privately owned housing starts in July were at a seasonally adjusted annual rate of 1,496,000. This is 22.6 percent above the revised June estimate of 1,220,000 and is 23.4 percent above the July 2019 rate of 1,212,000. Single‐family housing starts in July were at a rate of 940,000, which is 8.2 percent above the revised June figure of 869,000. The July rate for units in buildings with five units or more was 547,000.

Housing Completions: Privately‐owned housing completions in July were at a seasonally adjusted annual rate of 1,280,000,. 3.6 percent above the revised June estimate of 1,236,000 and 1.7 percent above the July 2019 rate of 1,258,000. Single‐family housing completions in July were at a rate of 909,000, which is 1.8 percent below the revised June rate of 926,000. The July rate for units in buildings with five units or more was 364,000.

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