July Housing Starts Up 21.5% YTY

The U.S. Census Bureau said privately-owned housing starts in July were at a seasonally adjusted annual rate of 746,000, 1.1% below the revised June estimate of 754,000, but 21.5% above the July 2011 rate of 614,000. Single-family housing starts in July were at a rate of 502,000, 6.5% below the revised June figure of 537,000. The July rate for units in buildings with five units or more was 229,000.

Privately-owned housing units authorized by building permits in July were at a seasonal

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