New Residential Construction Statistics for July 2014

The U.S. Census Bureau and the Department of Housing and Urban Development announced news in housing starts for July 2014.

Building permits for privately-owned housing units authorized were at a seasonally adjusted annual rate of 1,052,000 which is 8.1 percent above the June rate and 7.7 percent above the July 2013 estimate.

Privately-owned housing starts in July were 15.7 percent above the revised June estimate and is 21.7 percent above the July 2013 rate.

Privately-owned housing completions were also above the July 2013 rate by 8.0 percent.

Click here to read the complete report.

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