Steel Markets
August 16, 2018
NAHB: Housing Starts Flat in July
Written by Sandy Williams
Housing data was mostly flat in July with housing starts up just 0.9 percent to a seasonally adjusted annual rate of 1,168,000 units. Data from HUD and Commerce show single-family housing starts increasing 0.9 percent and multifamily housing 3.1 percent.
Regionally, housing starts fared better in the Midwest and South, increasing 11.6 percent and 10.4 percent, respectively. Starts fell 19.6 percent in the West and were down 4.0 percent in the Northeast.
