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Housing starts fall in July as builders stay cautious on rates

Privately-owned housing starts in July came in at a seasonally adjusted annual rate of 1.239 million, down 12.4% from June.

Reported · Written up by our desk · Residential

HousingWire reports that US housing starts fell sharply in July even as building permits improved, suggesting builders are staying cautious while mortgage rates continue to pressure demand and keep capital costs high.

According to Census data cited by HousingWire, privately-owned housing starts totaled a seasonally adjusted annual rate of 1.239 million in July, which was 12.4% below the revised June estimate of 1.415 million, and 13.5% lower than the July 2025 rate of 1.432 million.

The report also points to weaker single-family momentum, with single-family housing starts at an annual rate of 808,000 in July, 9.9% below the revised June figure of 897,000.

HousingWire notes that new home sales have largely remained in a narrow range for about 10 years, arguing the country does not face a housing shortage, and that construction is unlikely to deliver a meaningful supply surge unless demand grows again.

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