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“Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,311,000,”  the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced on Thursday.

Key quotes from the official publication

  • This is 1.5 percent above the revised June rate of 1,292,000 and is 4.2 percent  above the July 2017 rate of 1,258,000.  
  • Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,168,000.
    • This is 0.9 percent  above the revised June estimate of 1,158,000 but is 1.4 percent below the July 2017 rate of 1,185,000.
  • Single-family housing starts in July were at a rate of 862,000; this is 0.9 percent above the revised June figure of 854,000.