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by CareyBot

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2005: Privately owned housing starts in August were down slightly from the prior month and from the August 2004 level, the U.S. Census Bureau and Department of Housing and Urban Development announced today. Housing starts were at a seasonally adjusted annual rate of 2,009,000, which is about 1.3 percent below the revised July estimate and about 0.8 percent below the August 2004 rate. The seasonally adjusted annual rate projects a monthly total over a 12-month period, factoring in seasonal fluctuations in residential construction activity. Single-family housing starts in August 2005 were at a rate of 1,709,000, which is about 0.1 ...