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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.

18 Sep, 2024

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