Census housing starts for July are a mixed bag

While permits fell significantly, especially in the Northeast, we’re still seeing much higher rates than same period last year

The U.S. Census Bureau’s numbers for July housing starts are in, and the news is mixed, especially when you compare it to other recent analyst estimates. According to the Census Bureau and Department of Housing and Urban Development’s joint release of new residential construction statistics for last month, housing starts in July were more sluggish than expected, but are still far above last year’s results and are hitting rates not seen since before the recession.