Housing Starts Rose 17.3% in June

Washington, DC, June 17, 2020- Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,186,000, according to the U.S. Census Bureau, 17.3% above the revised May estimate of 1,011,000 but is 4.0% below the June 2019 rate of 1,235,000.

Single-family housing starts in June were at a rate of 831,000; this is 17.2% above the revised May figure of 709,000. The June rate for units in buildings with five units or more was 350,000.

Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,241,000, 2.1% above the revised May rate of 1,216,000 but 2.5% below the June 2019 rate of 1,273,000. Single-family authorizations in June were at a rate of 834,000; this is 11.8% above the revised May figure of 746,000. Authorizations of units in buildings with five units or more were at a rate of 368,000 in June.

Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,225,000. This is 4.3% above the revised May estimate of 1,174,000 and is 5.1% above the June 2019 rate of 1,166,000. Single-family housing completions in June were at a rate of 910,000; this is 9.6% above the revised May rate of 830,000. The June rate for units in buildings with five units or more was 311,000.