The 2020 Mid-Year Economic Update_long

Housing Starts Fall 11% From June

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 965,000, 11% below the revised June estimate and 29.6% below the revised July 2007 rate, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
 
Single-family housing starts in July were at a rate of 641,000; this is 2.9% below the June figure of 660,000. The July rate for units in buildings with five units or more was 309,000.
 
Year-to-date, the U.S. West saw the most dramatic drop, with a decline in housing starts of 37.7%. In the Midwest, starts fell 32.7%, and in the South housing starts were down 30.3%. The Northeast saw a milder drop of 5.8%.
 
Building Permits
Privately-owned housing units authorized by building ...

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 965,000, 11% below the revised June estimate and 29.6% below the revised July 2007 rate, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
 
Single-family housing starts in July were at a rate of 641,000; this is 2.9% below the June figure of 660,000. The July rate for units in buildings with five units or more was 309,000.
 
Year-to-date, the U.S. West saw the most dramatic drop, with a decline in housing starts of 37.7%. In the Midwest, starts fell 32.7%, and in the South housing starts were down 30.3%. The Northeast saw a milder drop of 5.8%.
 
Building Permits
Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 937,000. This is 17.7% below the revised June rate of 1,138,000 and is 32.4% below the revised July 2007 estimate of 1,386,000.
 
Single-family authorizations in July were at a rate of 584,000; this is 5.2% below the June figure of 616,000. Authorizations of units in buildings with five units or more were at a rate of 318,000 in July.
 
Housing Completions
Privately-owned housing completions in July were at a seasonally adjusted annual rate of 1,035,000. This is 8.7% below the revised June estimate of 1,134,000 and is 31.7% below the revised July 2007 rate of 1,515,000. Single-family housing completions in July were at a rate of 791,000; this is 7.2% below the June figure of 852,000. The July rate for units in buildings with five units or more was 229,000.

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