New housing statistics in the US – August 2024 data

The U.S. Census Bureau and the Department of Housing and Urban Development have issued a joint release on new housing statistics for August 2024.
According to the data, the number of privately owned housing units approved with building permits in August was 1,475,000 on a seasonally adjusted annualized basis.
This represents a 4.9% increase from the revised July figure of 1 406 000, but is 6.5% below the 1 578 000 recorded in August 2023.