Housing Starts Slip in July to 1.53 Million But Remain Up +2.5% Year-Over-Year

摘要

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,534,000, -7% below the revised June estimate of 1,650,000, but +2.5% above the July 2020 rate of 1,497,000. According to the U.S. Census Bureau, single-family housing starts in July were at a rate of 1,111,000, -4.5% below the revised June figure of 1,163,000 starts. The July rate for units in buildings with five units or more was 412,000. "The latest starts numbers reflect declining builder sentiment as they continue to grapple with high building material prices, production bottlenecks and labor shortages," Chuck Fowke, chairman of the National Association of Home Builders, in the press release.