Homes under construction Photo by Justin Sullivan/Getty Images

Housing Starts Slip for Another Month but Remain Above Year-Ago Performance

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.

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