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In The News:

August Housing Starts Up 10.5% from July

Privately-owned housing starts in August 2010 were at a seasonally adjusted annual rate of 598,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.5 percent above the revised July estimate and 2.2 percent above the August 2009 rate.

Single-family housing starts in August were at a rate of 438,000; this is 4.3 percent above the revised July figure of 420,000.The August rate for units in buildings with five units or more was 147,000.

Building Permits
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 569,000. This is 1.8 percent above the revised July rate of 559,000, but is 6.7 percent below the August 2009 estimate of 610,000.

Single-family authorizations in August were at a rate of 401,000; this is 1.2 percent below the revised July figure of 406,000.

Authorizations of units in buildings with five units or more were at a rate of 150,000 in August.

Housing Completions
Privately-owned housing completions in August were at a seasonally adjusted annual rate of 603,000. This is 5.6 percent above the revised July estimate of 571,000, but is 23.7 percent below the August 2009 rate of 790,000.

Single-family housing completions in August were at a rate of 482,000; this is 1.3 percent above the revised July rate of 476,000. The August rate for units in buildings with five units or more was 115,000.

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