Industry News

Housing starts decline

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

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 percent above the July figure and 1.2 percent above the August 2004 rate. The August 2005 rate for units in buildings with five units or more was 256,000. Privately owned housing units authorized by ...