EconoIndicators

Housing Starts At a Glance
Seasonally Adjusted

• Building Permits: 1,373,000
• Monthly Change: Down 2.8%
• Year-to-year Change: Down 22.6%
• 1-Family Monthly Change: Down 1.6%
• Housing Starts: 1,381,000
• Monthly Change: Down 6.1%
• Year-to-year Change: Down 20.9%
• 1-Family Monthly Change: Down 7.3%
• Housing Completions: 1,512,000
• Monthly Change: Down 0.1%
• Year-to-year Change: Down 22.2%
• 1-Family Monthly Change: Down 4.0%

NEW RESIDENTIAL CONSTRUCTION IN JULY 2007

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for July 2007:

BUILDING PERMITS

“Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,373,000.
This is 2.8 percent (±1.3%) below the revised June rate of 1,413,000 and is 22.6 percent (±1.3%) below the revised July 2006 estimate of 1,774,000.”

Single-family authorizations in July were at a rate of 1,003,000; this is 1.6 percent (±1.2%) below the June figure of 1,019,000. Authorizations of units in buildings with five units or more were at a rate of 314,000 in July.

HOUSING STARTS

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,381,000. This is 6.1 percent (±7.0%)* below the revised June estimate of 1,470,000 and is 20.9 percent (±6.1%) below the revised July 2006 rate of 1,746,000.

Single-family housing starts in July were at a rate of 1,070,000; this is 7.3 percent (±6.7%) below the June figure of 1,154,000. The July rate for units in buildings with five units or more was 275,000.

HOUSING COMPLETIONS

Privately-owned housing completions in July were at a seasonally adjusted annual rate of 1,512,000. This is 0.1 percent (±9.5%)* below the revised June estimate of 1,513,000 and is 22.2 percent (±7.6%) below the revised July 2006 rate of 1,944,000.

Single-family housing completions in July were at a rate of 1,203,000; this is 4.0 percent (±9.3%)* below the June figure of 1,253,000. The July rate for units in buildings with five units or more was 280,000.

Housing Starts July 2007 [Excel Worksheet]

Housing Starts July 2007 Release [PDF]

Building Permits Unadjusted Monthly Data

Source: Commerce Department, Census Bureau