Here come the US Housing Market charging back!!!

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2012:

Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 803,000.  This is 1.0 percent (±1.2%)* below the revised July rate of 811,000, but is 24.5 percent (±1.7%) above the August 2011 estimate of 645,000. 

Privately-owned housing starts in August were at a seasonally adjusted annual rate of 750,000.  This is 2.3 percent (±10.2%)* above the revised July estimate of 733,000 and is 29.1 percent (±12.8%) above the August 2011 rate of 581,000.

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