August 16, 2022

Housing Starts and Permits (July 2022)

- Starts - Annual Rate    1,446,000. Previous was 1,599,000

- Permits - Annual Rate    1,674,000. Previous was 1,696,000

A goal must be to keep starts above the 1.500,000 annual needed to accommodate expanded population and units lost. 

SFR Starts were 1,124,000.

Source:  Census  Details:  https://www.census.gov/construction/nrc/pdf/newresconst.pdf

 

 

Industrial Production  (July 2022)

- Industrial Production month/month 0.6%.    Previous was +0.0%.

- Manufacturing Output month/month 0.7% . Previous was  -0.4%

- Capacity Utilization Rate        80.3%. Previous was 79.9

- Industrial Production year/year +3.9%

Source:  Federal Reserve  Details: https://www.federalreserve.gov/releases/g17/current/default.htm