Steel Markets
August 16, 2019
Single-Family Housing Starts Improve in July
Written by Sandy Williams
Housing starts in July dipped 4.0 percent from June to a seasonally adjusted annual rate of 1,184,000, but were 0.6 percent higher than a year ago, reports the U.S. Department of Commerce. Single-family housing starts gained 1.3 percent from the previous month, while starts for buildings with five units or more fell 17.2 percent.
“Despite housing affordability headwinds, builders remain confident about the market and this is reflected in recent modest gains in single-family starts,” said National Association of Homebuilders Chairman Greg Ugalde.
