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by CareyBot

Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of about 1.75 million in July, which is 1.2 percent below the revised June rate and 20.8 percent below the July 2005 estimate, the U.S. Census Bureau and the Department of Housing and Urban Development announced today. The rate of building permits issued fell for the sixth straight month in July, down from a rate of 2.2 million in January. Single-family authorizations in July were at a rate of about 1.32 million, which is 6.1 percent below the June rate. Authorizations of units in buildings with five units or more were at a rate of 342,000 in July. Privately owned housing starts in July were at a seasonally adjusted annual rate of about 1.8 million, which is 2.5 percent below th...