June Housing Starts Rose 8.3%

Washington, DC, July 19, 2017- Privately owned housing starts in June were at a seasonally adjusted annual rate of 1,215,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 8.3% above the revised May estimate of 1,122,000 and is 2.1% above the June 2016 rate of 1,190,000.

Single-family housing starts in June were at a rate of 849,000; this is 6.3% above the revised May figure of 799,000. The June rate for units in buildings with five units or more was 359,000.

Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,254,000. This is 7.4% above the revised May rate of 1,168,000 and is 5.1% above the June 2016 rate of 1,193,000. Single-family authorizations in June were at a rate of 811,000; this is 4.1% above the revised May figure of 779,000. Authorizations of units in buildings with five units or more were at a rate of 409,000 in June.

Privately owned housing completions in June were at a seasonally adjusted annual rate of 1,203,000. This is 5.2% above the revised May estimate of 1,144,000 and is 8.1% above the June 2016 rate of 1,113,000. Single-family housing completions in June were at a rate of 798,000; this is 0.4% above the revised May rate of 795,000. The June rate for units in buildings with five units or more was 396,000.