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U.S. August 2018 Housing Starts Rise While Building Permits Fall

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September 20, 2018 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2018:

Building Permits
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,229,000. This is 5.7 percent (±1.6 percent) below the revised July rate of 1,303,000 and is 5.5 percent (±1.6 percent) below the August 2017 rate of 1,300,000. Single-family authorizations in August were at a rate of 820,000; this is 6.1 percent (±1.7 percent) below the revised July figure of 873,000. Authorizations of units in buildings with five units or more were at a rate of 370,000 in August.

Housing Starts
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,282,000. This is 9.2 percent (±11.4 percent)* above the revised July estimate of 1,174,000 and is 9.4 percent (±9.4 percent) above the August 2017 rate of 1,172,000. Single-family housing starts in August were at a rate of 876,000; this is 1.9 percent (±9.7 percent)* above the revised July figure of 860,000. The August rate for units in buildings with five units or more was 392,000.

Housing Completions
Privately-owned housing completions in August were at a seasonally adjusted annual rate of 1,213,000. This is 2.5 percent (±9.7 percent)* above the revised July estimate of 1,183,000 and is 11.2 percent (±11.4 percent)* above the August 2017 rate of 1,091,000. Single-family housing completions in August were at a rate of 923,000; this is 11.6 percent (±12.1 percent)* above the revised July rate of 827,000. The August rate for units in buildings with five units or more was 285,000.
Source: Census.gov

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  1. California’s Housing Market Falters For Fourth Straight Month As High Home Prices Take Toll On Demand, C.A.R. Reports – Mariposa County Home Prices Rise 12.5% Year Over Year
  2. California’s July 2018 Housing Market Retreats For Third Straight Month As Affordability Crunch Dampens Demand – Mariposa County Sales Up 10% Year Over Year
  3. Higher Home Prices, Rising Interest Rates Depress California Housing Affordability – Minimum Qualifying Income for Mariposa County $68,000
  4. California REALTORS® File Revised Ballot Initiative To Eliminate Moving Penalty On Seniors, Disabled And Unlock Housing Market
  5. California Home Sales Stumble In June 2018 As Median Price Hits New High For Second Straight Month, C.A.R. Reports – Mariposa County Single Family Home Prices Rise 4% Year Over Year
  6. California May 2018 Median Home Price Sets New Record As Home Sales Dial Back, C.A.R. Reports – Mariposa County Prices Rise 20% Year Over Year
  7. California Kicks Off 2018 Spring Home-Buying Season With Mixed Results, C.A.R. Reports – Mariposa County Prices Up 26% Year Over Year
  8. Strong Wage Growth and Steady Home Prices Buoy California Housing Affordability, C.A.R. Reports – Mariposa County Housing Affordability Index at 44%
  9. California Home Sales Tick Higher In March 2018 As Median Price Reaches Eight-Month High – Mariposa County Home Sales Decline Month Over Month and Year Over Year
  10. California Housing Affordability Edges Up in 4th Quarter of 2017 – Mariposa County and Tuolumne County Median Price of $291,750

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