Housing Starts Declined 2.0% in June

Washington, DC, July 19, 2022-Privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,559,000, 2.0% below the revised May estimate of 1,591,000 and 6.3% below the June 2021 rate of 1,664,000, according to the U.S. Census Bureau. Single‐family housing starts in June were at a rate of 982,000; this is 8.1% below the revised May figure of 1,068,000. The June rate for units in buildings with five units or more was 568,000.

Privately‐owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,685,000. This is 0.6% below the revised May rate of 1,695,000, but is 1.4% above the June 2021 rate of 1,661,000. Single‐family authorizations in June were at a rate of 967,000; this is 8.0% below the revised May figure of 1,051,000. Authorizations of units in buildings with five units or more were at a rate of 666,000 in June.

Privately‐owned housing completions in June were at a seasonally adjusted annual rate of 1,365,000. This is 4.6% below the revised May estimate of 1,431,000, but is 4.6% above the June 2021 rate of 1,305,000. Single‐family housing completions in June were at a rate of 996,000; this is 4.1% below the revised May rate of 1,039,000. The June rate for units in buildings with five units or more was 366,000.