Notizie economiche
18.09.2024

U.S. housing starts and building permits rebound in August

The monthly report on new residential construction from the Commerce Department revealed on Friday that housing starts climbed by 9.6 per cent m-o-m in August to a seasonally adjusted annual pace of 1.356 million (the highest level in four months), while building permits jumped by 4.9 per cent m-o-m to a seasonally adjusted annual rate of 1.475 million (the highest level in five months).

Economists had forecast housing starts of 1.310 million units for August and building permits of 1.410 million units.

Data for July was revised to show homebuilding growing at a pace of 1.237 million units, instead of rising at a rate of 1.238 million units as originally announced.

According to the report, permits for single-family homes, the largest segment of the market, increased by 2.8 per cent m-o-m in August, while approvals for the multi-family homes segment (includes 2 to 4 and 5 or more housing units) surged by 9.2 per cent m-o-m.

In the meantime, groundbreaking on single-family homes soared by 15.8 per cent m-o-m in August, while multi-unit starts fell by 6.7 per cent m-o-m. 

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