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IPFS News Link • Housing

Housing Starts Unexpectedly Soar In August as Housing Permits Crash

• Mish Shedlock

Housing data from Census Department, chart by Mish.

Housing data from Census Department, chart by Mish.

Wild Census Report

Please consider a wild Census Department report on New Residential Construction for August.

Building Permits 

Privately?owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,517,000. 

This is 10.0 percent below the revised July rate of 1,685,000 and is 14.4 percent below the August 2021 rate of 1,772,000. 

Single?family authorizations in August were at a rate of 899,000; this is 3.5 percent below the revised July figure of 932,000. 

Authorizations of units in buildings with five units or more were at a rate of 571,000 in August. 


www.universityofreason.com/a/29887/KWADzukm