U.S. Census Bureau: Monthly New Residential Construction, July 2022

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for July 2022:

Building Permits

Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,674,000. This is 1.3 percent below the revised June rate of 1,696,000, but is 1.1 percent above the July 2021 rate of 1,655,000. Single-family authorizations in July were at a rate of 928,000; this is 4.3 percent below the revised June figure of 970,000. Authorizations of units in buildings with five units or more were at a rate of 693,000 in July.

Housing Starts

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,446,000. This is 9.6 percent (±8.6 percent) below the revised June estimate of 1,599,000 and is 8.1 percent (±11.9 percent)* below the July 2021 rate of 1,573,000. Single-family housing starts in July were at a rate of 916,000; this is 10.1 percent (±10.8 percent)* below the revised June figure of 1,019,000. The July rate for units in buildings with five units or more was 514,000.

Housing Completions

Privately-owned housing completions in July were at a seasonally adjusted annual rate of 1,424,000. This is 1.1 percent (±14.8 percent)* above the revised June estimate of 1,409,000 and is 3.5 percent (±15.5 percent)* above the July 2021 rate of 1,376,000. Single-family housing completions in July were at a rate of 1,009,000; this is 0.8 percent (±12.2 percent)* below the revised June rate of 1,017,000. The July rate for units in buildings with five units or more was 412,000.

For the full July report, click here.

The August report is scheduled for release on September 20, 2022. View the full schedule in the Economic Briefing Room: www.census.gov/economic-indicators/. The full text and tables for this release can be found at www.census.gov/construction/nrc/.

Source: U.S. Census Bureau