Housing Completions Dwindle in July

Single-family housing completions in July were at a rate of 490,000; this is 27.5 percent below the revised June rate of 676,000. The July rate for units in buildings with five units or more was 91,000.
Courtesy of Ft. Lauderdale Sun Sentinel

Privately-owned housing completions in July were at a seasonally adjusted annual rate of 587,000. This is 32.8 percent below the revised June estimate of 874,000 and is 25.4 percent below the July 2009 rate of 787,000.

From July 2009 to July 2010 housing completions decreased by32.8 percent, with a decrease of 27.5 percent for single units and decrease of 52.1 percent for 5 or more units.

The Northeast was the region that fared the best with an overall decrease of 20.5 percent, with a decrease of 31.4 percent for single units. The region that fared the worst was the West, with an overall decrease of 53.6 percent and decrease of 40.1 percent for single units.

-  Courtesy of US Census Bureau