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Housing starts fall in July as permits rise

Privately owned housing starts dropped 12.4% to a seasonally adjusted annual rate of 1.239 million, while building permits climbed 5.0% to 1.443 million, signaling a lag between authorization and construction.

Reported · Written up by our desk · Residential

Residential construction pulled back in July, with both housing starts and completions declining from June, even as building permits rebounded, according to Mortgage News Daily citing the latest US Census Bureau data.

Privately owned housing starts fell 12.4% to a seasonally adjusted annual rate of 1.239 million, down 13.5% versus the July 2025 pace. Single-family starts declined 9.9% to 808k, while starts for buildings containing five units or more fell to 421k.

Building permits reversed course, rising 5.0% from June to an annual rate of 1.443 million, and were 3.1% above the July 2025 rate. Single-family authorizations increased 2.5% to 894k, and permits for buildings containing five units or more rose to 490k.

The report noted the divergence between permits and starts points to an uneven pace of residential construction, after June’s rebound in starts. Housing completions also declined in July, falling 9.1% to a seasonally adjusted annual rate of 1.212 million, with single-family completions down 5.8% to 878k.

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