US Data: New Residential Construction - Summary>

Release for:  July 2017

Source: U.S. Commerce Department

Thousands of units, seasonally adjusted

*Calculations by MNI

                                              yr-ago  % chg mo/mo: % chg

                         Jul-17 Jun-17 May-17 Jul-16 Jul-17 Jun-17  y/y:

Housing starts             1155   1213   1129   1223   -4.8    7.4   -5.6

  (previous)                --    1215   1122    --     --     --     --

  Single-family             856    860    795    772   -0.5    8.2   10.9

    1-fam % of total       74.1   70.9   70.4   63.1    --     --     --

  Total multi-family*       299    353    334    451  -15.3    5.7  -33.7

    multi-fam % of total   25.9   29.1   29.6   36.9    --     --     --

  Northeast                 129    153     85    134  -15.7   80.0   -3.7

  Midwest                   179    211    165    157  -15.2   27.9   14.0

  South                     532    529    564    637    0.6   -6.2  -16.5

  West                      315    320    315    295   -1.6    1.6    6.8

Housing starts (unadj)    109.0  116.3  106.0  115.2   -6.3    9.7   -5.4

Building permits           1223   1275   1168   1175   -4.1    9.2    4.1

  Single-family             811    811    779    718    0.0    4.1   13.0

    1-fam % of total       66.3   63.6   66.7   61.1    --     --     --

  Total multi-family*       412    464    389    457  -11.2   19.3   -9.8

    multi-fam % of total   33.7   36.4   33.3   38.9    --     --     --

  Northeast                 124    104    122    106   19.2  -14.8   17.0

  Midwest                   171    207    173    188  -17.4   19.7   -9.0

  South                     613    622    579    605   -1.4    7.4    1.3

  West                      315    342    294    276   -7.9   16.3   14.1

Building permits (unadj)  100.4  127.9  113.0   97.9  -21.5   13.2    2.6

Completions                1175   1252   1180   1086   -6.2    6.1    8.2

  Single-family             814    827    799    748   -1.6    3.5    8.8

    1-fam % of total       69.3   66.1   67.7   68.9    --     --     --

  Total multi-family*       361    425    381    338  -15.1   11.5    6.8

    multi-fam % of total   30.7   33.9   32.3   31.1    --     --     --

Completions (unadj)       100.5  111.2   98.1   93.4   -9.6   13.4    7.6

Homes Not Started           144    144    146    131    0.0   -1.4    9.9

Homes Under Construction   1063   1065   1068   1028   -0.2   -0.3    3.4

  ** MNI Washington Bureau (202) 371-2121 **

[TOPICS: MAUDA$,MAUH0$]