Privately-owned housing starts in August fell 33.7 percent for the Northeast to 108,000, according to data released by the U.S. Commerce Department. July’s total was 163,000.
Nationally, housing starts were at a seasonally adjusted annual rate of 1,126,000, a 3-percent decrease from the revised July total of 1,161,000.
Building permits for the Northeast also fell in August, dropping 4.4 percent to 109,000. Nationally, building permits rose 3.5 percent to 1,170,000.
To read the entire U.S. Commerce Department press release, click here