Research >> Economics
June Housing Starts down 9.9%, Permits down 7.5%
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BUILDING PERMITS
Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 911,000. This is 7.5 percent (±1.0%) below the revised May rate of 985,000, but is 16.1 percent (±1.7%) above the June 2012 estimate of 785,000. Single-family authorizations in June were at a rate of 624,000; this is 0.6 percent (±1.2%) above the revised May figure of 620,000. Authorizations of units in buildings with five units or more were at a rate of 261,000 in June.
HOUSING STARTS
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 836,000. This is 9.9 percent (±11.4%) below the revised May estimate of 928,000, but is 10.4 percent (±14.9%) above the June 2012 rate of 757,000. Single-family housing starts in June were at a rate of 591,000; this is 0.8 percent (±11.0%) below the revised May figure of 596,000. The June rate for units in buildings with five units or more was 236,000.
HOUSING COMPLETIONS
Privately-owned housing completions in June were at a seasonally adjusted annual rate of 755,000. This is 6.3 percent (±14.1%) above the revised May estimate of 710,000 and is 20.2 percent (±12.3%) above the June 2012 rate of 628,000. Single-family housing completions in June were at a rate of 554,000; this is 1.1 percent (±13.6%) below the revised May rate of 560,000. The June rate for units in buildings with five units or more was 188,000.
Posted: July 17, 2013 Wednesday 08:30 AM