Electrical Agent / Hvac Agent / Monthly Housing Starts & Permit Stats / My Open Jobs, LLC / Plumbing Agent

Housing Starts and Permits Stats for August 2013

According to the U.S. Census Bureau (August 2013), construction rates landed just above the July estimates. The rate also remains above August rates from the prior year.

Privately-owned housing starts in August 2013 were at a seasonally adjusted annual rate of 891,000, about .9% above the revised July 2013 estimate of 883,000 and above the August 2012 rate of 749,000.

Single-family housing starts in August were at a rate of 628,000; this is 7% above the revised July figure of 587,000. The rate for buildings with five units or more was 252,000.

Privately-owned housing completions in August were at a seasonally adjusted annual rate of 769,000. This is .3%above the revised July estimate of 767,000, and 12.1% above the August 2012 rate of 686,000.

Single-family housing completions in August were at a rate of 573,000.  This is .5% above the revised July rate of 570,000. The August rate buildings with five units or more was 191,000.

Building permits, on the other hand, are coming in below the revised July 2013 rate.

Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 918,000. This is 3.8% below the revised July rate of 954,000, but is still11% above the August 2012 estimate of 827,000.

Single-family authorizations in August were at a rate of 627,000; this is 3% above the revised July figure of 609,000. Authorizations of units in buildings with five units or more were at a rate of 268,000 in August.

As the construction numbers rise, the demand for hiring qualified people will rise as well. This growth is sure to mean a greater demand for plumbing, electrical and HVAC/R work. New plumbing will need to be laid; new electrical wiring will need to be installed; and new HVAC units will need to be installed.

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