Census Bureau delivers another wonky month of housing start results

  • Sales of new single-family homes climbed 5.7 percent to 552,000 above a revised July rate of 522,000.
  • Privately owned housing units authorized by building permits in August climbed 3.5 percent to nearly 1.2 million.
  • Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1.126 million, a 3-percent drop since July’s estimated 1.161 million.

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The U.S. Census Bureau and the Department of Housing and Urban Development delivered their joint report on housing starts for the month of August today — and with it, another mixed bag for the housing market. After reporting slower-than-expected new home starts in July, the agencies said sales of new single-family homes climbed 5.7 percent to 552,000 above a revised July rate of 522,000.