Building permits in August 2012 were at a seasonally adjusted annual rate of 803,000, down 1.0 percent from the revised July rate, but up 24.5 percent from August 2011. Housing starts in August 2012 were at a seasonally adjusted rate of 750,000, up 2.3 percent from July’s revised estimate and up 29.1 percent from August 2011.
The New Residential Construction Report, co-released monthly by the Census Bureau and the Dept. of Housing and Urban Development (HUD), also known as "housing starts and building permits," comprises data on the construction of private residential structures, such as single-family homes and apartment buildings.
Chris Bryant, MBA, RFC® is the founder and CEO of Bryant Wealth Management, Inc., an independent, fee-only registered investment adviser providing financial planning services for individuals.
Chris Bryant is an American financial advisor.