Single-Family Housing Starts and Permits Up Month-Over-Month in June

The U.S. Census Bureau is reporting that Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,186,000. This is 17.3% above the revised May estimate of 1,011,000, but is -4.0% below the June 2019 rate of 1,235,000. Single-family housing starts in June were at a rate of 831,000; this is 17.2% above the revised May figure of 709,000. The June rate for units in buildings with five units or more was 350,000. Permits are the forward-looking part of the report and Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,241,000. This is 2.1 % above the revised May rate of 1,216,000, but is -2.5% below the June 2019 rate of 1,273,000. Single-family authorizations in June were at a rate of 834,000; this is 11.8 % above the revised May figure of 746,000. Authorizations of units in buildings with five units or more were at a rate of 368,000 in June.