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The U.S. Commerce Department's Bureau of the Census revised the number of building permits on Wednesday. U.S. building permits in July fell 15.5% to a 1.130 million unit annual rate, up from a preliminary estimate of a 16.3% fall to a 1.119 million unit rate.
Building permits for single-family homes declined 1.7% to a 680,000 unit rate, down from a preliminary estimate of a 1.9% decrease to a 679,000 unit rate, while permits for multi-unit buildings dropped 30.2% to a 450,000 unit rate, down from a preliminary estimate of a 31.8% decline to a 440,000 unit rate.
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