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Housing goes flat? August starts remain at July levels



A construction worker installs a window in a new home at the Arbor Rose housing development in San Mateo, California. Housing starts were relatively flat from July to August, according to the the government.
A construction worker installs a window in a new home at the Arbor Rose housing development in San Mateo, California. Housing starts were relatively flat from July to August, according to the the government.
Justin Sullivan/Getty Images

The government has released data on housing starts for August, and while positive, it isn't a significant increase over July. We got an annual rate of 750,000 nationally, against a downwardly revised July figure of 733,000, an increase of just over 2 percent. 

A consensus of economists surveyed by Bloomberg expected better: a rate of 767,000. The good news, however, is that August 2012 saw a big jump over August of last year — 29 percent — when starts managed a rate of only 581,000.

Regionally, the West saw a big chunk of that activity, with a rate of 176,000 starts, but came in second overall to the South, which contributed a rate 364,000.

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