Housing starts, building permits rebound in August after July dip

AugustHousing Starts:+3.9%M/M to 1.615M vs. 1.575M expected and 1.554M prior (revised from 1.534M).

Single-family housing starts were at a rate of 1.076M, down 2.8% from the revised July figure of 1.107M.

Building permits:+6.0%to 1.728M vs. 1.610M expected and 1.630M prior (revised from 1.635M).

Single-family authorizations in August, at 1.054M, rose 0.6% from the revised July figure of 1.048M.

Previously (Sept. 16),Home sale prices rise 16% Y/Y in August but home sales fall 6%