Market Updates
Housing Starts Rise, Permits and Completions Fall
Brian Turner
20 Sep, 2022
New York City
Housing starts jumped 12.2% in August from July to a seasonally adjusted rate of 1.575 million units, the Commerce Department reported Tuesday.
On an annual basis housing starts fell 0.1%.
Single-family housing starts increased 3.4% to 935,000 units and multi-family home starts surged 28.6% to 621,000.
Building permits dropped 10% from a year ago and fell 14.4% from the previous month to a seasonally adjusted rate of 1.517 million units .
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