Housing Economics - 07/17/2008 (Plain Text Version)

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In this issue:
Housing Starts Up 9.1 Percent
The Seiders' Report: A Housing Overview by the NAHB's Chief Economist
The Mortgage Interest and Real Estate Tax Deductions: Policy Issues
Housing Market Statistics At-A-Glance

Housing Starts Up 9.1 Percent

Housing starts rose 9.1 percent in June to a seasonally adjusted annual rate of 1.066 million while permits increased nearly 12 percent to a rate of 1.091 million. Both increases were fueled by large gains in multifamily output in the Northeast, the result of a change in New York City’s building code which prompted builders to starts construction on, and seek permits for condos and apartments a month earlier. Single-family starts and permits both contracted in June from the previous month.

Housing Starts and Building Permits for June 2008
	DATE	CURRENT		LAST	% Change	Download Starts and Permits
Starts	7/17/2008	1.066M		977Th	+ 9.1%
Permits	7/17/2008	1.091M		978Th	+ 11.6%

Housing starts rose 9.1 percent in June to a seasonally adjusted annual rate of 1.066 million while permits increased nearly 12 percent to a rate of 1.091 million. Both increases were fueled by large gains in multifamily output in the Northeast, the result of a change in New York City’s building code which prompted builders to starts construction on, and seek permits for condos and apartments a month earlier. Single-family starts and permits both contracted in June from the previous month.

Download data for Housing Starts & Permits.

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