Keeping you up to date on the latest data releases.
- Single-Family Housing Starts and Permits
Single-family housing starts retreated in July, falling 4.9 percent to 425,000 annualized units. July’s decline follows downwardly revised 7.5 percent increase in single-family housing starts in June. On a year-over-year basis, single-family housing starts were down 0.9 percent in July. Moreover, with the downward revisions in June (447,000 from 453,000), single-family housing starts have not improved on a year-over-year basis since May 2010. Single-family housing starts improved in the Northeast and West regions, increasing 7.5 percent and 4.6 percent respectively while declining 22.6 percent in the Midwest region 4.2 percent in the South region. Authorized permits for single-family housing improved in July, increasing 0.5 percent to 404,000 annualized units; however, single-family housing permits were down 1.2 percent from July 2010’s pace.