Housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,312,000. This is 3.7% below the revised July rate of 1,362,000 and is 11.1% 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% 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 in August were at a seasonally adjusted annual rate of 1,307,000. This is 8.5% below the revised July estimate of 1,429,000 and is 6.0% 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% 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 in August were at a seasonally adjusted annual rate of 1,608,000. This is 8.4% above the revised July estimate of 1,483,000, but is 8.4% 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% above the revised July rate of 1,022,000. The August rate for units in buildings with five units or more was 503,000.
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