Housing Starts Rose 4.8% in June

Washington, DC, July 19, 2016— Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,189,000, the U.S. Census Bureau and the Department of Housing and Urban Development jointly announced.

This is 4.8% above the revised May estimate of 1,135,000, but is 2.0% below the June 2015 rate of 1,213,000. Single-family housing starts in June were at a rate of 778,000; this is 4.4% above the revised May figure of 745,000. The June rate for units in buildings with five units or more was 392,000.

Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,153,000. This is 1.5% above the revised May rate of 1,136,000, but is 13.6% below the June 2015 estimate of 1,334,000.

Single-family authorizations in June were at a rate of 738,000; this is 1.0% above the revised May figure of 731,000. Authorizations of units in buildings with five units or more were at a rate of 384,000 in June.

Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,147,000. This is 12.3% above the revised May estimate of 1,021,000 and is 18.7% above the June 2015 rate of 966,000.

Single-family housing completions in June were at a rate of 752,000; this is 3.7% above the revised May rate of 725,000. The June rate for units in buildings with five units or more was 386,000.