Tag Archives: Single-Family Building Permits

“U.S. housing starts in July were at a seasonally adjusted annual rate of 1.452 million, which is 3.9% above the downward revised June estimate of 1.398 million and is 5.9% above the July 2022 rate of 1.371 million,” First American Deputy Chief Economist Odeta Kushi said.

Over the last decade, an average of 2,971 single-family homes were completed every day compared to the 3,513 permits issued daily.

One economist stated, "Builders in recent months have put the pedal to the metal to get new homes up and meet a rush of demand.

Federal Reserve Board Governor Lael Brainard warned against visceral reactions, such as pushes in the marketplace for an increase in interest rates, given the economy’s fragile growth, while speaking at the 57th National Association for Business Economics Annual Meeting in Washington, D.C., on Tuesday.