Housing starts up in July
Single-family housing starts grew nearly 2% nationwide in July from the previous month.
The U.S. Commerce Department said that construction of new single-family homes rose for the fifth-straight month in July. Building permits for future construction climbed nearly 6%.
Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 560,000. This is 1.8 percent below the revised June rate of 570,000 and is 39.4 percent below the July 2008 estimate of 924,000.
Single-family authorizations in July were at a rate of 458,000; this is 5.8 percent above the revised June figure of 433,000. Authorizations of units in buildings with five units or more were at a rate of 84,000 in July.
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 581,000. This is 1.0 percent below the revised June estimate of 587,000 and is 37.7 percent below the July 2008 rate of 933,000.
Single-family housing starts in July were at a rate of 490,000; this is 1.7 percent above the revised June figure of 482,000.
The July rate for units in buildings with five units or more was 80,000.
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INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
