U.S. single-family housing starts decline further in August 2021

Overall housing starts advanced 3.9% MoM to a rate of 1.615 million units in August 2021. Data for July was revised up to a rate of 1.554 million units from the previously reported 1.534 million units. Housing starts jumped 17.4% compared to August 2020.

Single-family starts, which account for the largest share of the housing market, dropped 2.8% MoM to a seasonally adjusted annual rate of 1.076 million units last month. The decline was, however, offset by a surge in starts for the volatile multi-family segment.