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Housing starts in the United States increased 3.9 percent in August 2021

Washington, D.C. – Housing starts in the United States increased 3.9 percent in August 2021 to a seasonally adjusted annual rate of 1.615 million units, rebounding from a downward revised 6.2 percent decline in July and outperforming market expectations of 1.554 million.

Buildings with five or more units began construction at a 21.6 percent increase to 530,000, while single-family homes began construction at a 2.8 percent decline to 1,076,000.

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July Housing Starts Fall 7%

Starts increased most significantly in the Northeast (167.2 percent, the highest level since January), the Midwest (11.4 percent), and the South (1.4 percent), but declined in the West (-21.1 percent )

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