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Monthly new residential construction, August 2023
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2023: tables Privately‐owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,543,000. This is 6.9 percent above the revised July rate of 1,443,000, but is 2.7 percent below the August 2022 rate of 1,586,000. Single‐family authorizations in August were at a rate of 949,000; this is 2.0 percent above the revised July figure of 930,000. Authorizations of units in buildings with five units or more were at ... (full story)
Added at 8:42am
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US Housing Starts tumbled 11.3% in August, Building Permits jumped 6.9%
The monthly data published by the US Census Bureau revealed on Tuesday that Housing Starts tumbled 11.3% on a monthly basis in August, following a 2% increase (revised from 3.9%) recorded in July, to a seasonally adjusted annual rate of 1,283 million. This reading came in worse than the market expectation for a decline to 1,44 million. In the same period, Building Permits, which rose 0.1% in July, increased 6.9%., to a seasonally adjusted annual rate of 1,543,000; surpassing the 1,445,000 of market consensus. The US Dollar Index showed no immediate reaction to these figures and was last seen fluctuating near daily ... (full story)
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- Posted: Sep 19, 2023 8:30am
- Submitted by:Category: Medium Impact Breaking NewsComments: 1 / Views: 3,556
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