Housing Starts and Permits Continue Downward Trend
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Housing Starts and Building Permits for July 2008 | |
|
DATE |
CURRENT |
LAST |
% Change |
Download Starts and Permits | |
Starts |
9/17/2008 |
895Th |
 |
954Th |
- 6.2% |
 | |
Permits |
9/17/2008 |
854Th |
|
937Th |
- 8.8% |
|
Housing starts fell 6.2 percent in August to an annual rate of 895,000, the fewest since January 1991. Building permits, a sign of future construction, dropped 8.9 percent to an 854,000 pace. Construction of new single-family units fell nearly 2 percent in August to a 630,000 rate while work on multifamily units contracted by 15 percent to 265,000.
Download data for Housing Starts & Permits.
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