August 18, 2021
Building Permits
In July, the seasonally adjusted annual rate of privately owned housing units permitted by building permits was 1,635,000. This is 2.6% (±0.9%) higher than the revised June rate of 1,594,000. It is also 6.0% (±0.9%) higher than the July 2020 rate of 1,542,000. In July, 1,048,000 single-family permits were issued, down 1.7% (±0.8%) from the revised June number of 1,066,000. In July, 532,000 permits for units in buildings with five or more units were issued.
Housing Starts
In July, the seasonally adjusted annual rate of privately-owned housing starts was 1,534,000. This is 7.0% (±8.9%)* lower than the revised June projection of 1,650,000, but 2.5% (±10.9%)* higher than the July 2020 rate of 1,497,000. The number of single-family housing starts in July was 1,111,000, down 4.5% (±9.9%) from the revised June total of 1,163,000. The rate for units in buildings with five or more units was 412,000 in July.
Housing Completions
In July, the seasonally adjusted annual rate of privately owned housing completions was 1,391,000. This is 5.6% higher (±16.4%) than the revised June estimate of 1,317,000 and 3.8% higher (±14.4%) than the July 2020 rate of 1,340,000. The rate of single-family housing completions in July was 954,000, up 3.6% (±16.1%) from the revised June figure of 921,000. The rate for units in buildings with five or more units was 426,000 in July.
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
