Market Updates
U.S. Housing Starts and Completions Rebounded In August
Brian Turner
18 Sep, 2024
Washington, D.C.
Housing starts and completions in August rebounded sharply, according to the latest data released by the U.S. Census Bureau.
Seasonally adjusted housing starts rose 9.6% from the previous month to an annual rate of 1.356 million, and July starts were revised higher to 1.236 million.
Housing starts rose 3.9% from a year ago, driven by the increase in the South and in the West.
Seasonally adjusted building permits increased 4.9% from the previous month to 1.475 million, and July permits were revised to 1.406 million.
On an annual basis, building permits decreased 6.5% from an annual rate of 1.578 million in the month a year ago.
Housing completions in August rose 9.2% from the previous month to 1.788 million, and July completions were revised to 1.637 million.
On an annual basis, housing completions surged 30.2% from an annual rate of 1.373 million in the month a year ago.
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