August New Construction Numbers | North Salem #RealEstate

NEW RESIDENTIAL CONSTRUCTION IN AUGUST 2014
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for August 2014:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 998,000. This is 5.6 percent (±1.4%) below the revised July rate of 1,057,000, but is 5.3 percent (±1.7%) above the August 2013 estimate of 948,000.

Single-family authorizations in August were at a rate of 626,000; this is 0.8 percent (±1.5%)* below the revised July figure of 631,000.
Authorizations of units in buildings with five units or more were at a rate of 343,000 in August.
HOUSING STARTS
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 956,000. This is 14.4 percent (±7.9%) below the revised July estimate of 1,117,000, but is 8.0 percent (±11.2%)* above the August 2013 rate of 885,000.

Single-family housing starts in August were at a rate of 643,

000; this is 2.4 percent (±9.7%)* below the revised July figure of 659,000.
The August rate for units in buildings with five units or more was 304,000.
HOUSING COMPLETIONS
Privately-owned housing completions in August were at a seasonally adjusted annual rate of 892,000. This is 3.2 percent (±13.0%)* above the revised July estimate of 864,000 and is 16.9 percent (±14.7%) above the August 2013 rate of 763,000.

Single-family housing completions in August were at a rate of 591,000; this is 8.2 percent (±9.7%)* below the revised July rate of 644,000. The August rate for units in buildings with five units or more was 292,000.

New Residential Construction data for September 2014 will be released on Friday, October 17, 2014, at 8:30 A.M. EDT.

Our Internet site is: http://www.census.gov/starts
The U.S. Census Bureau updated its application programming interface (API) with monthly and quarterly economic indicators. The API allows developers to combine Census Bureau statistics with other data sets to create tools for research on a variety of other topics.

For more information, go to http://www.census.gov/developers/ .

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.