Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
News

US Housing Starts Fall to Three-Month Low in July

0
Housing market concept image with graph on chart background

Privately-owned housing starts fell to a three-month low in July, even as building permits posted a slight growth during the period.

Source: US Census Bureau

Housing starts stood at a seasonally adjusted annual rate of 1.534 million, down 7.0% from 1.650 million in June but 2.5% higher than in July 2020 1.497 million. This is the weakest in three months since April’s 1.514 million.

Building permits for the month were recorded at 1.635 million, up 2.6% from 1.594 million in June and 6.0% from 1.542 million in July 2020. Growth was seen in buildings with two to four units which climbed 12.2%, and five units or more by 11.1%, while single-family authorizations fell 1.7%

Housing completions were at 1.391 million, up 5.6% from June’s 1.317 million and 3.8% from 1.340 million in July 2020. Single-family units grew 2.6% to 954,000, while buildings with five units or more rose 9.5% to 426,000.

There were 1.373 million units under construction in July, up 0.4% from June’s 1.368 million and 14.5% from the 1.199 million the same month in 2020.

fxcoach

Tesla Hires Charging Infrastructure Design Managers Ahead of Network Opening

Previous article

US Federal Reserve Ready for Tapering Later in the Year

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News