Keeping you up to date on the latest data releases.
- Housing Starts
Housing starts continued to remain weak in August, falling 1.4 percent to 417,000 annualized units. August’s decline follows a downwardly revised 5.8 percent decline in July. On a year-over-year basis, single family housing starts are down 2.3 percent. Single-family housing starts improved the South, increasing 7.6 percent; however, housing starts fell in the Northeast, Midwest, and West, falling 14.6 percent, 22.7 percent, and 2.2 percent, respectively. While single-family housing starts remained weak in August, authorized permits improved, increasing 2.5 percent to 413,000 annualized units. On a year-over-year basis, authorized permits are up 2.0 percent over August 2010’s pace.