Housing Starts Move Up in July

Single-family housing starts in July were at a rate of 432,000; this is 4.2 percent (???????(R)????????8.7%)* below the revised June figure of 451,000.
Courtesy of Global Trends Investments

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 546,000.  This is 1.7 percent (±9.7%)* above the revised June estimate of 537,000, but is 7.0 percent (±7.5%)* below the July 2009 rate of 587,000.

The July rate for units in buildings with five units or more was 95,000.

From July 2009 to July 2010 housing starts decreased by 7 percent, with a decrease of 13.6 percent for single units, but an increase of 31.9 percent for 5 or more units.

The Northeast was the region that fared the best with an overall increase of 26.2 percent, with a decrease of 3.8 percent for single units. The region that fared the worst was the Midwest, with an overall decrease of 15.5 percent and decrease of 14.9 percent for single units.

- Courtesy of US Census Bureau