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FOR IMMEDIATE RELEASE: Wednesday, September 18, 2024

MONTHLY NEW RESIDENTIAL CONSTRUCTION, AUGUST 2024

CB24‐151



Building Permits
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,475,000. This is 4.9 percent above the revised July rate of 1,406,000, but is 6.5 percent below the August 2023 rate of 1,578,000. Single-family authorizations in August were at a rate of 967,000; this is 2.8 percent above the revised July figure of 941,000. Authorizations of units in buildings with five units or more were at a rate of 451,000 in August.

Housing Starts
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,356,000. This is 9.6 percent (±11.4 percent)* above the revised July estimate of 1,237,000 and is 3.9 percent (±13.0 percent)* above the August 2023 rate of 1,305,000. Single-family housing starts in August were at a rate of 992,000; this is 15.8 percent (±12.0 percent) above the revised July figure of 857,000. The August rate for units in buildings with five units or more was 333,000.

Housing Completions
Privately-owned housing completions in August were at a seasonally adjusted annual rate of 1,788,000. This is 9.2 percent (±28.2 percent)* above the revised July estimate of 1,637,000 and is 30.2 percent (±31.9 percent)* above the August 2023 rate of 1,373,000. Single-family housing completions in August were at a rate of 1,029,000; this is 5.6 percent (±11.9 percent)* below the revised July rate of 1,090,000. The August rate for units in buildings with five units or more was 740,000.

Contact


Data Inquiries
Economic Indicators Division
Residential Construction Branch
301-763-5160
eid.rcb.customer.service@census.gov

Media Inquiries
Public Information Office
301-763-3030
pio@census.gov

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