Tag Archives: Building Permits

HUD and the Census Bureau have reported privately‐owned housing starts were up in November 2023, nearly 15% above October 2023’s totals.

According to the U.S. Census Bureau, privately owned housing units counted by the number of building permits issued in July were at a seasonally adjusted annual rate of 1,442,000. This number is slightly above the revised June rate but still 13% below the July 2022 rate of 1,658,000.

HUD and the Census Bureau report that privately-owned housing units recorded an annual rate of 1,440,000 units in June, down from 922,000 reported year-over-year.

The numbers are in from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, and the news is good—at least on a short-term scale.

Building permits from California, Florida, and Texas make up a third of all building permits issued nationwide and have been dominating this statistic for the last decade.

With residential construction continuing to slow, the Fed’s rate hike of last week and its ripple effect on mortgage rates may push housing starts down for months to come.

Led by a double-digit gain in multifamily activity, housing permits rose 0.4% from February, and were 6.7% higher year-over-year.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released their new residential construction statistics for February 2022, which found that privately‐owned housing starts in February hit 1,769,000, 6.8% above the revised January estimate of 1,657,000. ...

Constrained by harsh winter weather early in the year, housing starts took off in March, seeing a near 20% month-over-month rise.

An increase in building permits could potentially spark interest among potential homebuyers.