Commerce Department revises building permit data
SPY•The Commerce Department revised August U.S. building permits to a seasonally adjusted annual rate of 1.403 million, up from the previously reported 1.394 million. The rate was 2.1% below July’s 1.433 million.
1. Revised permit figures
The Commerce Department revised U.S. building permit data issued on Sept. 17. August permits were reported at a seasonally adjusted annual rate of 1.403 million, compared with 1.394 million previously; July’s rate was 1.433 million. Single-family permits were 880,000 and permits for multiple-unit buildings were 523,000.
