The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2025: Building Permits – Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,312,000. This is 3.7 percent below the revised July rate of 1,362,000 and is 11.1 percent below the August 2024 rate of 1,476,000. Single-family authorizations in August were at a rate of 856,000; this is 2.2 percent below the revised July figure of 875,000. Authorizations of units in buildings with five units or more were at a rate of 403,000 in August. Housing Starts – Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,307,000. This is 8.5 percent (±10.7 percent)* below the revised July estimate of 1,429,000 and is 6.0 percent (±9.7 percent)* below the August 2024 rate of 1,391,000. Single-family housing starts in August were at a rate of 890,000; this is 7.0 percent (±8.2 percent)* below the revised July figure of 957,000. The August rate for units in buildings with five units or more was 403,000. Housing Completions – Privately-owned housing completions in August were at a seasonally adjusted annual rate of 1,608,000. This is 8.4 percent (±19.2 percent)* above the revised July estimate of 1,483,000, but is 8.4 percent (±22.4 percent)* below the August 2024 rate of 1,755,000. Single-family housing completions in August were at a rate of 1,090,000; this is 6.7 percent (±11.7 percent)* above the revised July rate of 1,022,000. The August rate for units in buildings with five units or more was 503,000.