Residential Building Permits Up 18.8% in July

Residential Building Permits Up 18.8% in July

Housing starts also up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau.
Overall construction input prices are 0.9% lower than in March 2022, while nonresidential construction input prices have fallen 0.6%.

Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,495,000. This is 18.8% above the revised June rate of 1,258,000 and is 9.4% above the July 2019 rate of 1,366,000.

Single-family authorizations in July were at a rate of 983,000; this is 17.0 percent (±1.2 percent) above the revised June figure of 840,000. Authorizations of units in buildings with five units or more were at a rate of 467,000 in July.

Privately owned housing starts in July were at a seasonally adjusted annual rate of 1,496,000. This is 22.6% above the revised June estimate of 1,220,000 and is 23.4% above the July 2019 rate of 1,212,000. Single-family housing starts in July were at a rate of 940,000; this is 8.2% above the revised June figure of 869,000. The July rate for units in buildings with five units or more was 547,000.

Privately owned housing completions in July were at a seasonally adjusted annual rate of 1,280,000. This is 3.6% above the revised June estimate of 1,236,000 and is 1.7% above the July 2019 rate of 1,258,000. Single-family housing completions in July were at a rate of 909,000; this is 1.8% below the revised June rate of 926,000. The July rate for units in buildings with five units or more was 364,000.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!