Housing starts and building permits were up in July compared with June data, the U.S. Census Bureau and U.S. Department of Housing and Urban Development announced today, while the rate of housing completions dropped. The seasonally adjusted annual rate of privately owned housing starts rose 8.3 percent from June to July, with an error margin of 8.4 percent, while the seasonally adjusted rate of building permits jumped 5.7 percent, with a 0.8 percent error margin. Meanwhile, the seasonally adjusted rate for privately owned housing completions fell 1.3 percent in July from the June estimate, with an 8.2 percent error margin. The seasonally adjusted annual rate projects the monthly total over a 12-month period. From July 2003 to July 2004, the seasonally adjusted rate of building permits increased 8.6 percent, plus or minus 1 percent; the rate of privately owned housing starts increased 4.5 percent, plus or minus 6.8 percent; and the rate of housing completions increased 9.4 percent, ...
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