July U.S. housing starts fall 7% from June

July U.S. housing starts were down 7% from June, but were 2.5% higher on the year, according to data released Aug. 18 by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

July housing starts reached 1.534 million units, down from 1.65 million units in June, but above 1.497 million units in July 2020, the data showed. Authorized building permits reached 1.635 million units in July, up 2.6% from June and 6% above July 2020 levels.