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.
- 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.