Census Bureau and HUD August 2012 construction report

FOR IMMEDIATE RELEASE WEDNESDAY, SEPTEMBER 19, 2012 AT 8:30 A.M. EDT
CB12-174
Raemeka Mayo or Stephen Cooper
Manufacturing and Construction Division
(301) 763-5160
NEW RESIDENTIAL CONSTRUCTION IN AUGUST 2012
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2012:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 803,000. This is 1.0 percent (±1.2%)* below the revised July rate of 811,000, but is 24.5 percent (±1.7%) above the August 2011 estimate of 645,000.
Single-family authorizations in August were at a rate of 512,000; this is 0.2 percent (±0.8%)* above the revised July figure of 511,000. Authorizations of units in buildings with five units or more were at a rate of 263,000 in August.
HOUSING STARTS
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 750,000. This is 2.3 percent (±10.2%)* above the revised July estimate of 733,000 and is 29.1 percent (±12.8%) above the August 2011 rate of 581,000.
Single-family housing starts in August were at a rate of 535,000; this is 5.5 percent (±10.4%)* above the revised July figure of 507,000. The August rate for units in buildings with five units or more was 208,000.
HOUSING COMPLETIONS
Privately-owned housing completions in August were at a seasonally adjusted annual rate of 689,000. This is 0.7 percent (±18.8%)* above the revised July estimate of 684,000 and is 11.7 percent (±17.5%)* above the August 2011 rate of 617,000.
Single-family housing completions in August were at a rate of 489,000; this is 5.4 percent (±14.3%)* above the revised July rate of 464,000. The August rate for units in buildings with five units or more was 193,000.
New Residential Construction data for September 2012 will be released on Wednesday, October 17, 2012, at 8:30 A.M. EDT.
Our Internet site is: http://www.census.gov/starts
To receive the latest updates on the Nation’s key economic indicators, download the America’s Economy app for Apple and Android smartphones and tablets.
U.S. Census Bureau NewsJoint ReleaseU.S. Department of Housing and Urban DevelopmentU.S. Department of Commerce Washington, D.C. 20233

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About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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