The U.S. government has released a report stating that privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,283,000. This is 11.3% lower than the revised number for July and 14.8% lower than the same time last year. In August, there were 334,000 units in buildings with five units or more. Additionally, 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% higher than July’s revised number but 2.7% lower than one year ago. The rate of authorizations for units in buildings with five units or more was 435,000 in August.
To view the full report from the U.S. Census Bureau, click here: https://realestateinvestingtoday.com/housing-starts-crater-in-august/?utm_source=rss&utm_medium=rss&utm_campaign=housing-starts-crater-in-august
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Source: https://realestateinvestingtoday.com/housing-starts-crater-in-august/?utm_source=rss&utm_medium=rss&utm_campaign=housing-starts-crater-in-august
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