Building Permit Activity Increases in July, Let’s hope it is Sustainable…
August 19, 2014 6:23 am
by John DeCosta, Keller Williams Portland Premiere Realtors
Here are the latest stats on single family and multi family new permits. We contiue to improve in both single and multi family permits. It is not like 2006, but we are clawing back.
FOR IMMEDIATE RELEASE TUESDAY, AUGUST 19, 2014 AT 8:30 A.M. EDT
Raemeka Mayo or Shalyce Tyson
Manufacturing and Construction Division
NEW RESIDENTIAL CONSTRUCTION IN JULY 2014
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for July 2014:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,052,000. This is 8.1
percent (±1.8%) above the revised June rate of 973,000 and is 7.7 percent (±1.8%) above the July 2013 estimate of 977,000.
Single-family authorizations in July were at a rate of 640,000; this is 0.9 percent (±1.5%)* above the revised June figure of 634,000.
Authorizations of units in buildings with five units or more were at a rate of 382,000 in July.
HOUSING STARTS
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,093,000. This is 15.7 percent (±10.9%) above the
revised June estimate of 945,000 and is 21.7 percent (±10.7%) above the July 2013 rate of 898,000.
Single-family housing starts in July were at a rate of 656,000; this is 8.3 percent (±10.3%)* above the revised June figure of 606,000.
The July rate for units in buildings with five units or more was 423,000.
HOUSING COMPLETIONS
Privately-owned housing completions in July were at a seasonally adjusted annual rate of 841,000. This is 3.7 percent (±8.2%)* above
the revised June estimate of 811,000 and is 8.0 percent (±9.9%)* above the July 2013 rate of 779,000.
Single-family housing completions in July were at a rate of 635,000; this is 6.2 percent (±8.8%)* above the revised June rate of 598,000.
The July rate for units in buildings with five units or more was 199,000.
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