The 2020 Mid-Year Economic Update_long

July U.S. Housing Starts Down 1% from June

Single-family starts fell 6.5 percent.

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 746,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.1 percent below the revised June estimate of 754,000, but 21.5 percent above the July 2011 rate of 614,000.

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Single-family housing starts in July were 502,000; this is 6.5 percent below the revised June figure of 537,000. The July rate for units in buildings with five units or more was 229,000.

Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 812,000. This is 6.8 percent above the revised June rate of 760,000 and is 29.5 percent above the July 2011 estimate of 627,000.

Single-family authorizations in July were at a rate of 513,000; this is 4.5 percent over the revised June figure of 491,000. Authorizations of units in buildings with five units or more were at a rate of 274,000 in July.

Privately-owned housing completions in July were at a seasonally adjusted annual rate of 668,000. This is 7.1 percent above the revised June estimate of 624,000 and is 5.4 percent above the July 2011 rate of 634,000.

Single-family housing completions in July were at a rate of 448,000; this is 5.9 percent below the revised June rate of 476,000. The July rate for units in buildings with five units or more was 209,000.

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