August U.S. Housing Starts Soften

U.S. housing starts in August were at a seasonally adjusted annual rate of 1.31 million, down 8.5% from the revised July figure and 6.0% below the comparable month last year. Single-family starts decreased 7.0% from July to 890,000.

U.S. building permits in August were at a seasonally adjusted annual rate of 1.31 million, falling 3.7% from July and 11.1% lower than the same month in 2024. Single-family authorizations declined 2.2% from July to 856,000 in August. See U.S. Census Bureau

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