Housing starts in July were at a seasonally adjusted annual rate of 1,191,000, 4.0% below the revised June estimate of 1,241,000 but 0.6% above the July 2018 rate of 1,184,000, the Commerce Department reported Friday.
Single‐family housing starts in July were at a rate of 876,000, 1.3% above the revised June figure of 865,000 and 1.9% ahead of July, 2018. The July rate for units in buildings with five units or more was 303,000.
Building permits in July were at a seasonally adjusted annual rate of 1,336,000, 8.4% above the revised June rate of 1,232,000 and 1.5% above the July 2018 rate of 1,316,000.
Single‐family authorizations in July were at a rate of 838,000, 1.8% above the revised June figure of 823,000 but 3.8% behind a year earlier. Authorizations of units in buildings with five units or more were at a rate of 453,000 in July.
Housing completions in July were at a seasonally adjusted annual rate of 1,250,000, 7.2% above the revised June estimate of 1,166,000 and 6.3% above the July 2018 rate of 1,176,000. Single-family housing completions in July were at a rate of 918,000, 4.3% above the revised June rate of 880,000. The July rate for units in buildings with five units or more was 321,000.
