Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,300,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 5.7 percent above the revised July rate of 1,230,000 and is 8.3 percent above the August 2016 rate.
Single-family authorizations in August were at a rate of 800,000, 1.5 percent below the revised July figure of 812,000. Authorizations of units in buildings with five units or more were at a rate of 464,000 in August.
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,180,000, 0.8 percent below the revised July estimate of 1,190,000 and 1.4 percent above the August 2016 rate of 1,164,000. Single-family housing starts in August were at a rate of 851,000, 1.6 percent above the revised July figure of 838,000. The August rate for units in buildings with five units or more was 323,000.
Privately-owned housing completions in August were at a seasonally adjusted annual rate of 1,075,000, 10.2 percent below the revised July estimate of 1,197,000 and 3.4 percent above the August 2016 rate of 1,040,000. Single-family housing completions in August were at a rate of 724,000, 13.3 percent below the revised July rate of 835,000. The August rate for units in buildings with five units or more was 348,000.
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