Privately owned housing starts in August were at a seasonally adjusted annual rate of 1,416,000, which is 5.1% below the revised July estimate of 1,492,000, but 2.8% above the August 2019 rate of 1,377,000, according to the monthly new residential construction data from the Census Bureau and the Department of Housing and Urban Development.

The data also states August single-family housing starts were at a rate of 1,021,000, a 4.1% increase from the revised July figure of 981,000, and the rate for units in buildings with five units or more was 375,000.

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