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The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for July 2015.

Building Permits
Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,119,000. This is 16.3 percent (±1.1 percent) below the revised June rate of 1,337,000, and is 7.5 percent (±2.3 percent) above the July 2014 estimate of 1,041,000. Single-family authorizations in July were at a rate of 679,000; this is 1.9 percent (±1.0 percent) below the revised June figure of 692,000. Authorizations of units in buildings with five units or more were at a rate of 412,000 in July.

Housing Starts
Privately owned housing starts in July were at a seasonally adjusted annual rate of 1,206,000. This is 0.2 percent (±15.2 percent) above the revised June estimate of 1,204,000 and is 10.1 percent (±10.8 percent) above the July 2014 rate of 1,095,000. Single-family housing starts in July were at a rate of 782,000; this is 12.8 percent (±9.8 percent) above the revised June figure of 693,000. The July rate for units in buildings with five units or more was 413,000.

Housing Completions
Privately owned housing completions in July were at a seasonally adjusted annual rate of 987,000. This is 2.4 percent (±13.4 percent) above the revised June estimate of 964,000 and is 14.6 percent (±11.5 percent) above the July 2014 rate of 861,000. Single-family housing completions in July were at a rate of 627,000; this is 1.4 percent (±10.9 percent) above the revised June rate of 636,000. The July rate for units in buildings with five units or more was 350,000.

For more information, visit www.hud.gov.

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