Electricalmarketing 162 20140822emstartsmap595
Electricalmarketing 162 20140822emstartsmap595
Electricalmarketing 162 20140822emstartsmap595
Electricalmarketing 162 20140822emstartsmap595
Electricalmarketing 162 20140822emstartsmap595

July Housing Starts Top One Million, Signaling Renewed Confidence in Market

Aug. 22, 2014
The U.S. Census said privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,093,000, 15.7% above the revised June estimate of 945,000 and 21.7% above the July 2013 rate of 898,000.
The U.S. Census said privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,093,000, 15.7% above the revised June estimate of 945,000 and 21.7% above the July 2013 rate of 898,000. Single-family housing starts in July were at a rate of 656,000, 8.3% above the revised June figure of 606,000. The July rate for units in buildings with five units or more was 423,000, up 33% from June and a 49.5% increase from July 2013.

Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a homebuilder from Delaware, said in the press release announcing the July data, “A return to production levels over one million confirms that consumer confidence continues to improve.”