August Housing Starts Up 19% YOY - Modern Distribution Management

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August Housing Starts Up 19% YOY

Starts rose 0.9 percent from the revised July estimate.
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Privately-owned housing starts in August were at a seasonally adjusted annual rate of 891,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.9 percent above the revised July estimate and 19 percent above August 2012.

Single-family housing starts in August were 628,000; this is 7 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 units authorized by building permits were 918,000. This is 3.8 percent below July but 11 percent above the August 2012 estimate.

Single-family authorizations in August were 627,000, 3 percent above the revised July figure. Authorizations of units in buildings with five units or more were 268,000.

Privately-owned housing completions in August were 769,000. This is 0.3 percent above the revised July estimate and 12.1 percent above August 2012.

Single-family housing completions in August were 573,000, 0.5 percent above the revised July rate. The August rate for units in buildings with five units or more was 191,000.

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