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.

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.