The U.S. Census Bureau and the Department of Housing and Urban Development announced new residential construction statistics for August 2008:
Building Permits
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 854,000.
This is 8.9% below the revised July rate of 937,000 and is 36.4% below the revised August 2007 estimate of 1,343,000.
Single-family authorizations in August were at a rate of 554,000; this is 5.1% (±1.3%) below the July figure of 584,000. Authorizations of units in buildings with five units or more were at a rate of 271,000 in August.
Housing Starts
Privately-owned housing starts in August were at a seasonally adjusted annual rate …
Housing Starts Fall to Lowest Level in 17 Years
The U.S. Census Bureau and the Department of Housing and Urban Development announced new residential construction statistics for August 2008:
Building Permits
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 854,000.
This is 8.9% below the revised July rate of 937,000 and is 36.4% below the revised August 2007 estimate of 1,343,000.
Single-family authorizations in August were at a rate of 554,000; this is 5.1% (±1.3%) below the July figure of 584,000. Authorizations of units in buildings with five units or more were at a rate of 271,000 in August.
Housing Starts
Privately-owned housing starts in August were at a seasonally adjusted annual rate …
Share this article
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
