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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

September 18, 2019
US HOUSING STARTS AND BUILDING PERMITS, AUGUST 2019

BUILDING PERMITS

US residential building permits increased 7.7 per cent in August compared to the revised July estimate, to a seasonally adjusted annualized rate of 1,419,000. This is 12.0 per cent above the August 2018 estimate of 1,267,000.

Year over year (Aug-19 vs Aug-18), permits for single unit structures increased 4.5 per cent. Permits for structures with 5 units or more increased 27.3 per cent and permits for structures with 2 to 4 units increased 15.8 per cent over August 2018.

In the first 8 months of 2019, building permits are down 2.5 per cent. Permits are down for single unit structures (4.6 per cent), up for structures with 2 to 4 units (3.8 per cent), and up for structures with 5 units or more (1.1 per cent).

HOUSING STARTS

US housing starts increased 12.3 per cent in August compared to the revised July estimate, to a seasonally adjusted annualized rate of 1,364,000. This is 6.6 per cent above the August 2018 estimate of 1,279,000.

Year over year (Aug-19 vs Aug-18), starts for single unit structures increased 3.4 per cent, and starts for structures with 5 or more units increased 13.7 per cent.

Year-to-date (Jan-August 2019), housing starts are down 2.1 per cent with declines in starts for single unit structures (2.5 per cent), and declines in starts for structures with 5 or more units (1.1 per cent).

Source: US Census Bureau New Residential Construction



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