Housing: Permits Down, Starts Up

August 26, 2025 

The U.S. Census Bureau reports that housing building permits in July were at a seasonally adjusted annual rate of 1,354,000. This is 2.8% below the revised June rate of 1,393,000 and is 5.7% below the July 2024 rate of 1,436,000. Single-family authorizations in July were at a rate of 870,000 or 0.5% above the revised June figure of 866,000.

Housing starts in July were at a seasonally adjusted annual rate of 1,428,000. This is 5.2% (±14.7%) above the revised June estimate of 1,358,000 and is 12.9% (±13.6%)* above the July 2024 rate of 1,265,000. Single-family housing starts in July were at a rate of 939,000; this is 2.8% (±11.8%) above the revised June figure of 913,000.