On September 19, 2023, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reported nationwide housing building permits increased 6.9% to 1,543,000 units in August of 2023 from 1,443,000 units in July of 2023, but down 2.7% from 1,586,000 in August of 2022. Single family building permits gained 2.0% to a rate of 949,000 units in August of 2023, from 930,000 units in July of 2023, and there were 535,000 multifamily building permits issued in August of 2023.
Nationwide housing starts decreased 11.3% to 1,283,000 units in August of 2023, from 1,447,000 units in July of 2023 and fell 14.8% from 1,505,000 units in August of 2022. Single family starts dropped 4.3% to a rate of 941,000 units in August of 2022 from 983,000 in July of 2022, and there were 334,000 multifamily building starts in August of 2022.
Nationwide housing completions higher 5.3% to 1,406,000 units in August of 2022 from 1,335,000 units in July of 2023, and up 3.8% from 1,355,000 units in August of 2022. Single family completions lower 6.6% to a rate of 961,000 units in August of 2022, from 1,029,000 units in July of 2023, and there were 433,000 multifamily completions in August of 2022.
For complete more detailed information about U.S. Department of HUD and the U.S. Census Bureau on new housing permit, housing starts, housing completions request in August of 2023, please click HERE
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