Keeping you up to date on the latest data releases.
- Housing Starts
The groundbreaking of new single-family homes fell 2.2 percent in July, but has risen 15.4 percent since July 2012 to a seasonally-adjusted annualized rate of 591,000 units started. Regionally, monthly housing starts ranged from a 9.8 percent decline in the West to a 12.0 percent increase in the Northeast. On a year-over-year basis, all areas showed strong positive growth. The issuance of single-family home building permits slipped 1.9 percent in July, but has risen 17.9 percent over the past 12 months to a seasonally-adjusted annualized rate of 613,000 permits. The monthly change in the authorization of building permits ranged from a 6.4 percent decline in the West to a 2.9 percent increase in the Midwest. Meanwhile, annual growth rates posted increases of 12.0 percent increase or better in all regions.