Privately-owned housing units authorized by building permits nationally in August stood at 1,475,000
Putnam construction numbers rebounded in September following a slower August, according to Putnam County Mayor Randy Porter.
In August the county saw 28 permits for $6.5M of construction, 17 being for new single-family residential homes. Compare that to September when Putnam had 37 permits for $6.2M, 22 being new single-family homes generating $25,906 in fees.
Those fees operate the Building Codes Department, according to Porter. Numbers do not include any of the four cities. Nationally, construction numbers are as follows according to a report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development:
- Building Permits: 1,475,000
- Housing Starts: 1,356,000
- Housing Completions: 1,788,000
Privately-owned housing units authorized by building permits nationally in August stood at 1,475,000.
“This is 4.9% above the revised July rate of 1,406,000, but is 6.5% below the Aug. 2023 rate of 1,578,000,” according to the report.
There were also 967,000 authorizations for single family homes in August, 2.8% above the revised July figure of 941,000 while privately owned housing grew to 1,356,000. That is 9.6% above the August rate of 1,305,000. Single family housing starts in August were 992,000 nationally, according to the report.
Here are the numbers for prior years as a comparison:
2022 | 2023 | 2024 | |||
Permits | Total Amount | Permits | Total Amount | Permits | Total Amount |
28 | 8,516,500 | 20 | 4,990,900 | 22 | 3,886,300 |
39 | 7,960,443 | 37 | 6,653,700 | 34 | 8,245,155 |
30 | 6,355,500 | 34 | 8,705,474 | 25 | 7,056,360 |
46 | 9,177,568 | 35 | 6,924,500 | 42 | 8,903,850 |
39 | 6,575,375 | 40 | 7,075,300 | 33 | 7,391,000 |
51 | 15,624,742 | 36 | 5,922,400 | 36 | 9,476,800 |
41 | 9,911,325 | 36 | 8,456,000 | 40 | 7,740,700 |
31 | 6,679,000 | 38 | 7,570,900 | 28 | 3,905,000 |
30 | 7,751,000 | 37 | 6,171,496 | 28 | 6,478,045 |
39 | 5,533,500 | 47 | 9,429,590 | ||
22 | 5,041,000 | 23 | 4,487,600 | ||
11 | 1,215,000 | 25 | 5,829,000 | ||
407 | 90,340,953 | 408 | 82,216,860 | 288 | 63,083,210 |
Copyright 2024 The Upper Cumberland Business Journal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Other stories you may want to check out: