Building Permits Down for July

Single-family authorizations in July were at a rate of 458,000; this is 5.8 percent above the revised June figure of 433,000. – Courtesy of city of Livingston, Calif.

Keep in mind it will take some time for the housing sector to recover. Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 560,000. This is 1.8 percent below the revised June rate of 570,000 and is 39.4 percent below the July 2008 estimate of 924,000. Authorizations of units in buildings with five units or more were at a rate of 84,000 in July. – Courtesy of US Census Bureau