August housing starts unchanged
Housing Starts U.S. Economic Indicators
U.S. home construction remain unchanged in August, but are up over the past 12 months,
U.S. housing starts remained unchanged in August on the seasonally adjusted basis to annual rate of 1,364,000 units, reported by the U.S. Department of Housing and Urban Development. From Aug. 2018, housing starts jumped by 7.6 %, where construction in the Northeast grew the most, by 33.3 %.
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Building permits have increased by smaller rate than a month ago, building permits soared by 7.7 % or 102,000 units to an annual rate of 1,364,000 units, from 1,364,000 in July on the seasonally adjusted basis Most of growth took place in the Northeast and it was concentrated in multi-dwelling buildings such as apartments.
New permits went up 26.9 % to annual rate of 319,000 units in the Northeast while permits for multi-family units grew 13.3 % accounting for 32.62 % of total permits issued.
Permits give an indication of whether demand for new homes is growing or slowing. Compare to a year ago monthly building permits jumped by 13.6 %
|
| Permits By Region |
- In Northeast
housing units were authorized at seasonally adjusted annual rate of 151,000
units, an
increase of 32,000
units,
or 26.89 % from 119,000
units July 2019 and an
increase of 48.04 % from 102,000
units Aug. 2018.
- In
Midwest housing units were authorized at seasonally
adjusted annual rate of 189,000
units, an
increase of
24,000
units,
or
14.55 % from 165,000
units July 2019 and an
decrease of
-0.53 % from 190,000
units Aug. 2018.
- In
West housing units were authorized at seasonally adjusted
annual rate of 331,000
units, an
decrease of
28,000
units,
or
-7.80 % from 359,000
units July 2019 and an
increase of
7.82 % from 307,000
units Aug. 2018.
|
- In
South housing units were authorized at seasonally adjusted annual rate of 748,000
units, an
increase of 74,000
units,
or 10.98 % from 674,000
units July 2019 and an
increase of 15.08 % from 650,000
units Aug. 2018.
|
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), units) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
|
1,419,000 |
1,317,000 |
1,220,000 |
1,294,000 |
1,296,000 |
| In structures Single-family units |
|
866,000 |
829,000 |
813,000 |
815,000 |
782,000 |
| In structures with 2 - 4 units |
|
44,000 |
45,000 |
47,000 |
37,000 |
47,000 |
| In structures with 5 units or more |
|
509,000 |
443,000 |
360,000 |
442,000 |
467,000 |
| Northeast |
|
151,000 |
119,000 |
117,000 |
92,000 |
120,000 |
| Midwest |
|
189,000 |
165,000 |
172,000 |
174,000 |
188,000 |
| South |
|
748,000 |
674,000 |
618,000 |
693,000 |
649,000 |
| West |
|
331,000 |
359,000 |
313,000 |
335,000 |
339,000 |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in M / M) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
7.74 % |
7.95 % |
-5.72 % |
-0.15 % |
2.13 % |
| In structures Single-family units |
4.46 % |
1.97 % |
-0.25 % |
4.22 % |
-3.22 % |
| In structures with 2 - 4 units |
-2.22 % |
-4.26 % |
27.03 % |
-21.28 % |
30.56 % |
| In structures with 5 units
or more |
14.9 % |
23.06 % |
-18.55 % |
-5.35 % |
9.88 % |
| Northeast |
26.89 % |
1.71 % |
27.17 % |
-23.33 % |
-1.64 % |
| Midwest |
14.55 % |
-4.07 % |
-1.15 % |
-7.45 % |
1.62 % |
| South |
10.98 % |
9.06 % |
-10.82 % |
6.78 % |
0.78 % |
| West |
-7.8 % |
14.7 % |
-6.57 % |
-1.18 % |
6.6 % |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in % Y/Y) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
13.61 % |
0.46 % |
-4.16 % |
-0.54 % |
-4.14 % |
| In structures Single-family units |
4.72 % |
-4.6 % |
-4.35 % |
-3.32 % |
-8.96 % |
| In structures with 2 - 4 units |
25.71 % |
40.63 % |
30.56 % |
8.82 % |
9.3 % |
| In structures with 5 units
or more |
31.52 % |
8.05 % |
-6.98 % |
4.25 % |
3.78 % |
| Northeast |
48.04 % |
-5.56 % |
4.46 % |
-17.86 % |
30.43 % |
| Midwest |
-0.53 % |
-9.84 % |
1.18 % |
2.35 % |
-3.09 % |
| South |
15.08 % |
0.9 % |
-6.93 % |
4.37 % |
-11.1 % |
| West |
7.82 % |
7.49 % |
-4.28 % |
2.45 % |
0.89 % |
New Housing Units Started
(Seasonally adj., at Annual Rate, units) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
|
1,364,000 |
1,364,000 |
1,253,000 |
1,269,000 |
1,235,000 |
| In structures Single-family units |
|
919,000 |
919,000 |
847,000 |
820,000 |
854,000 |
| In structures with 2 - 4 units |
|
21,000 |
21,000 |
10,000 |
13,000 |
22,000 |
| In structures with 5 units or more |
|
424,000 |
424,000 |
396,000 |
436,000 |
359,000 |
| Northeast |
|
124,000 |
124,000 |
109,000 |
73,000 |
144,000 |
| Midwest |
|
210,000 |
210,000 |
197,000 |
160,000 |
186,000 |
| South |
|
711,000 |
711,000 |
635,000 |
704,000 |
581,000 |
| West |
|
319,000 |
319,000 |
312,000 |
332,000 |
324,000 |
New Housing Units Started
(Seasonally adj. at Annual Rate, units), in Y / Y) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
0 % |
8.86 % |
-1.26 % |
2.75 % |
8.43 % |
| In structures Single-family units |
0 % |
8.5 % |
3.29 % |
-3.98 % |
8.79 % |
| In structures with 2 - 4 units |
0 % |
110 % |
-23.08 % |
-40.91 % |
29.41 % |
| In structures with 5 units
or more |
0 % |
7.07 % |
-9.17 % |
21.45 % |
6.53 % |
| Northeast |
0 % |
13.76 % |
49.32 % |
-49.31 % |
67.44 % |
| Midwest |
0 % |
6.6 % |
23.13 % |
-13.98 % |
41.98 % |
| South |
0 % |
11.97 % |
-9.8 % |
21.17 % |
-3.81 % |
| West |
0 % |
2.24 % |
-6.02 % |
2.47 % |
1.89 % |
New Housing Units Started
(Seasonally adj. at Annual Rate, in % Y/Y) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
7.57 % |
16.78 % |
6.82 % |
-5.09 % |
-4.04 % |
| In structures Single-family units |
4.55 % |
6.61 % |
-1.28 % |
-13.14 % |
-4.47 % |
| In structures with 2 - 4 units |
23.53 % |
600 % |
-9.09 % |
8.33 % |
15.79 % |
| In structures with 5 units
or more |
13.98 % |
39.93 % |
30.26 % |
14.44 % |
-4.01 % |
| Northeast |
33.33 % |
27.84 % |
13.54 % |
-29.13 % |
26.32 % |
| Midwest |
12.9 % |
21.39 % |
26.28 % |
-34.16 % |
13.41 % |
| South |
8.22 % |
11.79 % |
5.66 % |
6.51 % |
-12.37 % |
| West |
-3.92 % |
21.76 % |
-2.5 % |
0.61 % |
-6.36 % |
New Housing Units Authorized
(Not seasonally adjusted, units) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
|
127,000 |
118,800 |
110,100 |
124,000 |
119,300 |
| In structures Single-family units |
|
78,100 |
78,200 |
74,100 |
81,200 |
75,300 |
| In structures with 2 - 4 units |
|
4,100 |
4,000 |
4,400 |
3,300 |
4,200 |
| In structures with 5 units or more |
|
44,900 |
36,500 |
31,600 |
39,400 |
39,800 |
| Northeast |
|
12,900 |
11,100 |
11,300 |
8,900 |
10,000 |
| Midwest |
|
18,500 |
15,700 |
15,600 |
18,100 |
18,400 |
| South |
|
66,200 |
60,900 |
53,900 |
65,300 |
59,400 |
| West |
|
29,500 |
31,000 |
29,300 |
31,600 |
31,400 |
New Housing Units Authorized
(Not seasonally adjusted, in Y / Y) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
6.9 % |
7.9 % |
-11.21 % |
3.94 % |
14.82 % |
| In structures Single-family units |
-0.13 % |
5.53 % |
-8.74 % |
7.84 % |
10.41 % |
| In structures with 2 - 4 units |
2.5 % |
-9.09 % |
33.33 % |
-21.43 % |
50 % |
| In structures with 5 units
or more |
23.01 % |
15.51 % |
-19.8 % |
-1.01 % |
21.34 % |
| Northeast |
16.22 % |
-1.77 % |
26.97 % |
-11 % |
8.7 % |
| Midwest |
17.83 % |
0.64 % |
-13.81 % |
-1.63 % |
32.37 % |
| South |
8.7 % |
12.99 % |
-17.46 % |
9.93 % |
9.39 % |
| West |
-4.84 % |
5.8 % |
-7.28 % |
0.64 % |
18.49 % |
New Housing Units Authorized
(Not seasonally adjusted, in % Y/Y) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
8.64 % |
4.21 % |
-8.1 % |
-0.8 % |
0.59 % |
| In structures Single-family units |
-0.51 % |
0.77 % |
-8.86 % |
-3.79 % |
-4.2 % |
| In structures with 2 - 4 units |
17.14 % |
37.93 % |
25.71 % |
10 % |
20 % |
| In structures with 5 units
or more |
28.29 % |
8.96 % |
-9.71 % |
4.79 % |
9.04 % |
| Northeast |
43.33 % |
-1.77 % |
6.6 % |
-16.04 % |
33.33 % |
| Midwest |
-6.09 % |
-5.99 % |
-3.7 % |
11.73 % |
2.22 % |
| South |
10.7 % |
4.64 % |
-11.06 % |
7.76 % |
-7.62 % |
| West |
3.51 % |
11.91 % |
-9.57 % |
-2.47 % |
9.03 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, units) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
|
121,100 |
115,500 |
117,500 |
118,700 |
114,100 |
| In structures Single-family units |
|
82,500 |
84,900 |
81,600 |
78,300 |
81,200 |
| In structures with 2 - 4 units |
|
1,900 |
1,000 |
900 |
1,200 |
1,900 |
| In structures with 5 units or more |
|
36,700 |
29,600 |
35,000 |
39,200 |
31,000 |
| Northeast |
|
11,100 |
9,300 |
10,200 |
6,600 |
12,700 |
| Midwest |
|
19,300 |
18,200 |
19,700 |
16,300 |
17,600 |
| South |
|
61,800 |
57,500 |
57,900 |
65,300 |
53,700 |
| West |
|
28,900 |
30,400 |
29,700 |
30,600 |
30,100 |
New Housing Units Started
(Not seas. adj. at Annual Rate, in Y / Y) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
4.85 % |
-1.7 % |
-1.01 % |
4.03 % |
22.29 % |
| In structures Single-family units |
-2.83 % |
4.04 % |
4.21 % |
-3.57 % |
23.97 % |
| In structures with 2 - 4 units |
90 % |
11.11 % |
-25 % |
-36.84 % |
46.15 % |
| In structures with 5 units
or more |
23.99 % |
-15.43 % |
-10.71 % |
26.45 % |
16.98 % |
| Northeast |
19.35 % |
-8.82 % |
54.55 % |
-48.03 % |
95.38 % |
| Midwest |
6.04 % |
-7.61 % |
20.86 % |
-7.39 % |
89.25 % |
| South |
7.48 % |
-0.69 % |
-11.33 % |
21.6 % |
5.09 % |
| West |
-4.93 % |
2.36 % |
-2.94 % |
1.66 % |
14.02 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, in % Y/Y) |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
| Total |
7.55 % |
4.62 % |
5.38 % |
-4.12 % |
-2.98 % |
| In structures Single-family units |
3.64 % |
3.79 % |
-2.63 % |
-12.02 % |
-3.68 % |
| In structures with 2 - 4 units |
26.67 % |
233.33 % |
-10 % |
20 % |
18.75 % |
| In structures with 5 units
or more |
16.51 % |
4.59 % |
31.09 % |
15.98 % |
-2.21 % |
| Northeast |
32.14 % |
-2.11 % |
9.68 % |
-31.25 % |
25.74 % |
| Midwest |
15.57 % |
3.41 % |
24.68 % |
-32.64 % |
15.03 % |
| South |
6 % |
-1.37 % |
2.84 % |
9.75 % |
-11.39 % |
| West |
-1.03 % |
21.12 % |
-1.66 % |
0 % |
-4.75 % |
Source U.S. Department of Commerce
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