US: Privately-owned housing starts in July were at 1,155,000

Eren Sengezer FXStreet

"Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,223,000. This is 4.8 percent below the revised June estimate of 1,213,000 and is 5.6 percent below the July 2016 rate of 1,223,000," the U.S. Department of Housing and Urban Development jointly announced on Wednesday.

Key takeaways:

Single-family housing starts in July were at a rate of 856,000; this is 0.5 percent below the revised June figure of 860,000
Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,223,000
This is 4.1 percent below the revised June rate of 1,275,000, but is 4.1 percent above the July 2016 rate of 1,175,000
Privately-owned housing completions in July were at a seasonally adjusted annual rate of 1,175,000
This is 6.2 percent below the revised June estimate of 1,252,000, but is 8.2 percent above the July 2016 rate of 1,086,000

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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