Steel Markets
August 15, 2016
Housing Starts Gain 2.1 Percent in July
Written by Sandy Williams
Housing starts increased 2.1 percent in July to a seasonally adjusted annual rate of 1,211,000 from a revised June estimate of 1,186,000, according to data from the U.S. Census Bureau and Department of Housing and Urban Development. The increase was the highest level since February. Starts were 5.6 percent above the July 2015 rate.
Multi-family starts outpaced single family, rising 8.3 percent from June. Single family starts increased 0.5 percent from the previous month. On a year over year basis single family starts were up 1.3 percent while structures with five units or more gained 15.2 percent.
