The 2020 Mid-Year Economic Update_long

July Housing Starts Increase 7.5% YOY

Privately owned housing starts down 16.3 percent compared with June.

Privately owned housing starts in July were at a seasonally adjusted annual rate of 1,119,000, according to the U.S. Census Bureau and the Department of Housing and Development. This is 16.3 percent below the revised June estimate of 1,337,000, but is 7.5 percent above the July 2014 estimate of 1,041,000.

Single-family housing starts in July were at a rate of 679,000; this is 1.9 percent below the revised June figure of 692,000. The July rate for units in buildings with five units or more was 412,000.

Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,206,000. This is 0.2 percent above the revised June estimate of 1,204,000 and is 10.1 percent above the July 2014 rate of 1,095,000.

Single-family authorizations in July were at a rate of 782,000, 12.8 percent above the revised June figure of 693,000. The July rate for units in buildings with five units or more was 413,000.

Privately owned housing completions in July were at a seasonally adjusted annual rate of 987,000. This is 2.4 percent above the revised June estimate of 964,000 and is 14.6 percent above the July 2014 rate of 861,000.

Single-family housing completions in July were at a rate of 627,000, 1.4 percent below the revised June rate of 636,000. The July rate for units in buildings with five units or more was 350,000.

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