August US Housing Starts, Permits Both Decline, Completions Up
BY MT Newswires | ECONOMIC | 09/17/25 08:42 AM EDT08:42 AM EDT, 09/17/2025 (MT Newswires) -- August housing starts fell by 8.5% from the previous month to a 1.307 million annual rate, below expectations compiled by Bloomberg as of 7:40 am ET for a 1.365 million rate after an increase to a 1.429 million pace in July.
Building permits decreased by 3.7% to a 1.312 million rate in August, below the 1.37 million rate expected and following a decline to a 1.362 million rate in July. Homes permitted but not started also decreased, so the outlook is pessimistic for a starts gain next month.
Home completions rose by 8.4% to a 1.608 million rate after a 7.1% gain in the previous month, adding to new homes available for sale. Completions were still down 8.4% year-over-year.
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