New Residential Construction In July 2006
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new
residential construction statistics for July 2006:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,747,000.
This is 6.5 percent (±1.2%) below the revised June rate of 1,869,000 and is 20.8 percent (±1.3%) below the July 2005
estimate of 2,206,000.
Single-family authorizations in July were at a rate of 1,318,000; this is 6.1 percent (±1.3%) below the June figure of
1,404,000. Authorizations of units in buildings with five units or more were at a rate of 342,000 in July.
HOUSING STARTS
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,795,000. This is 2.5 percent (±8.7%) below the revised June estimate of 1,841,000 and is 13.3 percent (±7.7%) below the July 2005 rate of 2,070,000. Single-family housing starts in July were at a rate of 1,452,000; this is 2.3 percent (±8.9%)* below the June figure of 1,486,000. The July rate for units in buildings with five units or more was 264,000.
HOUSING COMPLETIONS
Privately-owned housing completions in July were at a seasonally adjusted annual rate of 1,927,000. This is 5.4 percent
(±7.5%)* below the revised June estimate of 2,038,000, but is 2.3 percent (±9.8%)* above the July 2005 rate of 1,883,000.
Single-family housing completions in July were at a rate of 1,665,000; this is 4.6 percent (±7.2%)* below the June figure
of 1,745,000. The July rate for units in buildings with five units or more was 244,000.
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