The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for July 2024: Building Permits – Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,396,000. This is 4.0 percent below the revised June rate of 1,454,000 and is 7.0 percent below the July 2023 rate of 1,501,000. Single-family authorizations in July were at a rate of 938,000; this is 0.1 percent below the revised June figure of 939,000. Authorizations of units in buildings with five units or more were at a rate of 408,000 in July. Housing Starts – Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,238,000. This is 6.8 percent (±10.3 percent)* below the revised June estimate of 1,329,000 and is 16.0 percent (±10.5 percent) below the July 2023 rate of 1,473,000. Single-family housing starts in July were at a rate of 851,000; this is 14.1 percent (±8.3 percent) below the revised June figure of 991,000. The July rate for units in buildings with five units or more was 363,000. Housing Completions – Privately-owned housing completions in July were at a seasonally adjusted annual rate of 1,529,000. This is 9.8 percent (±8.4 percent) below the revised June estimate of 1,696,000, but is 13.8 percent (±13.9 percent)* above the July 2023 rate of 1,343,000. Single-family housing completions in July were at a rate of 1,054,000; this is 0.5 percent (±10.4 percent)* above the revised June rate of 1,049,000. The July rate for units in buildings with five units or more was 473,000.
Housing Starts and Permitting (08-16-24)
- Economic Monthly Summaries, Housing Starts and Permitting
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