US Real Estate

US Housing Starts Rise 5 Percent in July as Building Permits Hit Five-Year Low

Single- and multi-family starts rose on hopes that lower mortgage rates later this year could lift the sluggish market, an analyst said.
US Housing Starts Rise 5 Percent in July as Building Permits Hit Five-Year Low
Construction workers install a lumber roof at a new home build in Laveen, Ariz., April 1, 2025. Ross D. Franklin/AP Photo
Mary Prenon
Mary Prenon
Freelance Reporter
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Privately-owned housing starts in July saw a 5.2 percent growth above the revised June estimate, according to a joint report on Aug. 19 from the Census Bureau and the Department of Housing and Urban Development.

July’s seasonally-adjusted annual rate of 1,428,000 construction starts surpassed the June estimate of 1,358,000 and is 12.9 percent higher than the July 2024 rate of 1,265,000.

Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.