New Residential Construction
Building permits in July 2012 were at a seasonally adjusted annual rate of 812,000, up 6.8 percent from the revised June rate, and up 29.5 percent from July 2011. Housing starts in July 2012 were at a seasonally adjusted rate of 746,000, down 1.1 percent from June’s revised estimate, but up 21.5 percent from July 2011.