Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,180,000. This is 0.8% below the revised July estimate of 1,190,000, but is 1.4% above the August 2016 rate of 1,164,000. Single-family housing starts in August were at a rate of 851,000; this is 1.6% above the revised July figure of 838,000. The August rate for units in buildings with five units or more was 323,000.
Robert Dietz of the National Association of Home Builders (NAHB) looks for gradual
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