Housing Starts Rose 3% in June

Washington, DC, July 17, 2024-Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,353,000, 3.0% above the revised May estimate of 1,314,000 but 4.4% below the June 2023 rate of 1,415,000, according to the U.S. Census Bureau. 

Single-family housing starts in June were at a rate of 980,000; this is 2.2% below the revised May figure of 1,002,000. The June rate for units in buildings with five units or more was 360,000.

Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,446,000. This is 3.4% above the revised May rate of 1,399,000 but is 3.1% below the June 2023 rate of 1,493,000. Single-family authorizations in June were at a rate of 934,000; this is 2.3% below the revised May figure of 956,000. Authorizations of units in buildings with five units or more were at a rate of 460,000 in June.

Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,710,000. This is 10.1% above the revised May estimate of 1,553,000 and is 15.5% above the June 2023 rate of 1,480,000. Single-family housing completions in June were at a rate of 1,037,000; this is 1.8% above the revised May rate of 1,019,000. The June rate for units in buildings with five units or more was 656,000.