Talking Points
- Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,142,000, according to a report released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 5.8% below the revised July estimate of 1,212,000, but is 0.9% above the August 2015 rate of 1,132,000.
- Of those, single-family housing starts in August came in at a rate of 722,000, which is 6% below the revised July figure of 768,000.
- Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,139,000. This is 0.4% below the revised July rate of 1,144,000 and is 2.3% below the August 2015 estimate of 1,166,000.
- Single-family authorizations in August were at a rate of 737,000, which is 3.7% above the revised July figure of 711,000.