Housing Starts Fell 12.3% in June

Washington, DC, July 18, 2018-Privately owned housing starts in June were at a seasonally adjusted annual rate of 1,173,000, according to the U.S. Census Bureau. This is 12.3% below the revised May estimate of 1,337,000 and is 4.2% below the June 2017 rate of 1,225,000. Single-family housing starts in June were at a rate of 858,000; this is 9.1% below the revised May figure of 944,000. The June rate for units in buildings with five units or more was 304,000.

Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,273,000. This is 2.2% below the revised May rate of 1,301,000 and is 3.0% below the June 2017 rate of 1,312,000. Single-family authorizations in June were at a rate of 850,000; this is 0.8% above the revised May figure of 843,000. Authorizations of units in buildings with five units or more were at a rate of 387,000 in June.

Privately owned housing completions in June were at a seasonally adjusted annual rate of 1,261,000. This is 0.0% below the revised May estimate of 1,261,000, but is 2.2% above the June 2017 rate of 1,234,000. Single-family housing completions in June were at a rate of 862,000; this is 2.3% below the revised May rate of 882,000. The June rate for units in buildings with five units or more was 393,000.