New Monthly Residential Construction Update, July 2018

An update today from the Census Bureau┬ástated that, “Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,311,000. This is 1.5 percent above the revised June rate of 1,292,000 and is 4.2 percent above the July 2017 rate of 1,258,000.”

“Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,168,000. This is 0.9 percent above the revised June estimate of 1,158,000, but is 1.4 percent below the July 2017 rate of 1,185,000.”

Monthly New Residential Construction, July 2018 Release Number: CB18-123.

Today’s update added, “Privately-owned housing completions in July were at a seasonally adjusted annual rate of 1,188,000. This is 1.7 percent below the revised June estimate of 1,209,000 and is 0.8 percent below the July 2017 rate of 1,197,000.”

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