Housing Economics - 08/19/2008 (Plain Text Version)

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In this issue:
July Starts and Permits Take a Fall
The Seiders' Report: A Housing Overview by the NAHB's Chief Economist
Stay On Top of New Home Sales & Prices
Housing Market Statistics At-A-Glance

July Starts and Permits Take a Fall

Housing starts decreased 11 percent in July 2008 to a seasonally adjusted annual rate of 965,000, the lowest level for this series since March 1991. Construction of single-family homes fell 2.9 percent to 641,000 rate, the lowest since January 1991 while work on multifamily units contracted by 24 percent from the prior month to an annual rate of 324,000. Authorizations for building permits fell 18 percent between June and July to 937,000.

Housing Starts and Building Permits for July 2008
	DATE	CURRENT		LAST	% Change	Download Starts and Permits
Starts	8/19/2008	965Th		1.084M	- 11.0%
Permits	8/19/2008	937Th		1.138M	- 17.7%

Housing starts decreased 11 percent in July 2008 to a seasonally adjusted annual rate of 965,000, the lowest level for this series since March 1991.  Construction of  single-family homes fell 2.9 percent to 641,000 rate, the lowest since January 1991 while work on multifamily units contracted by 24 percent from the prior month to an annual rate of 324,000.  Authorizations for building permits fell 18 percent between June and July to 937,000. 

Download data for Housing Starts & Permits.

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