Steel Markets
September 18, 2019
Housing Starts Rebound in August
Written by Sandy Williams
Housing starts rebounded in August, jumping 12.3 percent from July and 6.6 percent from a year ago to a seasonally adjusted annual rate of 1,364,000. Multifamily construction surged 30.9 percent and single-family starts 4.4 percent from July.
“Housing has been on an upswing in recent months as the pace of permits and starts has been rising since spring,” said National Association of Home Builders Chief Economist Robert Dietz. “While these are positive developments, single-family starts are down 2.7 percent year-to-date as the catchup process continues.”
