National new home metrics for July; 2021

Building Permits


Privately‐owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,635,000. This is 2.6 percent (±0.9 percent) above the revised June rate of 1,594,000 and is 6.0 percent (±0.9 percent) above the July 2020 rate of 1,542,000. Single‐family authorizations in July were at a rate of 1,048,000; this is 1.7 percent (±0.8 percent) below the revised June figure of 1,066,000.

Authorizations of units in buildings with five units or more were at a rate of 532,000 in July.

Housing Starts


Privately‐owned housing starts in July were at a seasonally adjusted annual rate of 1,534,000. This is 7.0 percent (±8.9 percent)* below the revised June estimate of 1,650,000, but is 2.5 percent (±10.9 percent)* above the July 2020 rate of 1,497,000. Single‐family housing starts in July were at a rate of 1,111,000; this is 4.5 percent (±9.9percent)* below the revised June figure of 1,163,000. The July rate for units in buildings with five units or more was 412,000.

Housing Completions


Privately‐owned housing completions in July were at a seasonally adjusted annual rate of 1,391,000. This is 5.6 percent (±16.4 percent)* above the revised June estimate of 1,317,000 and is 3.8 percent (±14.4 percent)* above the July 2020 rate of 1,340,000. Single‐family housing completions in July were at a rate of 954,000; this is 3.6 percent (±16.1 percent)* above the revised June rate of 921,000. The July rate for units in buildings with five units or more was 426,000.

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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