Housing Starts Rise, Permits and Completions Fall

  • Sep 20, 2022
  • Brian Turner
  • Housing starts unexpectedly rose in August from July but the less volatile building permits and completions fell.

    Housing starts jumped 12.2% in August from July to a seasonally adjusted rate of 1.575 million units, the Commerce Department reported Tuesday. 

    On an annual basis housing starts fell 0.1%. 

    Single-family housing starts increased 3.4% to 935,000 units and multi-family home starts surged 28.6% to 621,000. 

    Building permits dropped 10% from a year ago and fell 14.4% from the previous month to a seasonally adjusted rate of 1.517 million units . 

Press Release