U.S. Department of Commerce
Economics and Statistics Administration
BUREAU OF THE CENSUS
Note: Total includes units started in structures with two to four units.
CURRENT CONSTRUCTION REPORTS
Questions regarding these data may be directed to Erica Filipek, Residential Construction Branch, Telephone 301-457-4703.
For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.
Seasonally adjusted annual rate
4–month moving average
New Privately Owned Housing Units Started
Seasonally adjusted annual rate in thousands
In structures with
In structures with
five units or more
Issued October 1998
Source: U.S. Bureau of the Census, Housing Starts.
HOUSING STARTS AND BUILDING PERMITS
Privately owned housing starts in August 1998 were
at a seasonally adjusted annual rate of 1,613,000; this is
5 (±6) percent below the revised July rate of 1,706,000,
but 17 (±6) percent above the August 1997 rate of
Single-family housing starts in August 1998 were at a
rate of 1,245,000. This is 4 (±5) percent below the July
figure of 1,299,000. The August rate for units in buildings
with five units or more was 313,000. The August rate for
units in buildings with two to four units was 55,000.
During the first 8 months of this year, 1,074,800
housing units were started compared with 977,300 units
for the same period in 1997. This is a increase of 10 (±2)
New privately owned housing construction was autho-
rized in August in the 19,000 permit-issuing places at a
seasonally adjusted annual rate of 1,616,000; this is 2
(±1) percent above the revised July rate of 1,581,000
and 11 (±1) percent above the August 1997 figure of
Single-family authorizations in August 1998 were at a
rate of 1,173,000. This is unchanged (±1 percent) from
the July figure. Authorizations of units in buildings with
five units or more were at a rate of 370,000 in August.