housing starts

Residential New Construction July 2011

The July 2011 Residential construction report showed Housing starts decreased -1.5% from June, to a level of 604,000. This is 9.8% above July 2010, or 550,000 housing starts. New Residential Construction has a margin of error often above the monthly percentage increases, so take these monthly changes with a grain of salt. July, for example, has a error margin of 10.8 percentage points.

Residential New Construction June 2011

The June 2011 Residential construction report showed Housing starts increased 14.6% from May to a level of 629,000. This is 16.7% above June 2010 and a 6 month high. New Residential Construction has a margin of error often above the monthly percentage increases, so take these monthly changes with a grain of salt. June, for example, has a error margin of 10.9 percentage points.

Housing Starts & Building Permits for August 2010 - 10.5%

This is a surprise. Housing Starts jumped +10.5% in August 2010. Last month housing starts were revised to a -0.4% flatline from June. The change was all due to apartments, which increased 42.7% from last month.

 

 

Privately-owned housing starts in August were at a seasonally adjusted annual rate of 598,000. This is 10.5 percent (±11.9%)* above the revised July estimate of 541,000 and is 2.2 percent (±9.7%)* above the August 2009 rate of 585,000.

Single-family housing starts in August were at a rate of 438,000; this is 4.3 percent (±12.4%)* above the revised July figure of 420,000. The August rate for units in buildings with five units or more was 147,000.

Regionally, the new construction was happening in the West, with all regions having much higher 5 or more unit housing starts than single family. Here is a percentage breakdown of the nation's regions housing start totals:

  • West: 34.3%
  • South: 7.0%
  • Midwest: 21.7%
  • Northeast: -24.3%

 

Housing Starts & Building Permits for June 2010

Housing Starts dropped -5% in June 2010. Last month housing starts were revised to a -14.9% decline from April.

 

 

Privately-owned housing starts in June 2010 were at a seasonally adjusted annual rate of 549,000. This is 5.0 percent below the revised May 2010 estimate of 578,000.

 

 

The below St. Louis Fred graph is the monthly percentage change in single units for new housing starts. Single family housing starts dropped -0.7% in June, which is flat in comparison to last month's -17.2% drop.

 

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