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.