US Housing Starts Rise 5 Percent in July as Building Permits Hit Five-Year Low

Privately-owned housing starts in July saw a 5.2 percent growth above the revised June estimate, according to a joint report on Aug. 19 from the Census Bureau and the Department of Housing and Urban Development.

July’s seasonally-adjusted annual rate of 1,428,000 construction starts surpassed the June estimate of 1,358,000 and is 12.9 percent higher than the July 2024 rate of 1,265,000.