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Under Secretary Blank Statement on July 2009 Residential Construction Numbers

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Portrait of Under Secretary Blank.

The U.S. Commerce Department’s Bureau of the Census released data on new residential construction in July. Starts for single-family homes increased 1.7 percent, while overall permits to build privately-owned housing units declined 1.8 percent and housing starts decreased 1.0 percent. Despite the overall decrease, total permits have risen 12.4 percent from their low in April, after plummeting a total of 78.0 percent between September 2005 and April 2009. Additionally, total starts have increased 21.3 percent, after falling 78.9 percent from their peak in January 2006 to their low in April 2009. (More) (July Residential Construction Release)

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