Housing Starts Rose 6.2% YOY in June

Washington, DC, July 17, 2019-Privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,253,000, according to the U.S. Census Bureau. This is 0.9% below the revised May estimate of 1,265,000, but is 6.2% above the June 2018 rate of 1,180,000. 

Single‐family housing starts in June were at a rate of 847,000; this is 3.5% above the revised May figure of 818,000. The June rate for units in buildings with five units or more was 396,000.

Privately‐owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,220,000. This is 6.1% below the revised May rate of 1,299,000 and is 6.6% below the June 2018 rate of 1,306,000. Single‐family authorizations in June were at a rate of 813,000; this is 0.4% above the revised May figure of 810,000. Authorizations of units in buildings with five units or more were at a rate of 360,000 in June.

Privately‐owned housing completions in June were at a seasonally adjusted annual rate of 1,161,000. This is 4.8% below the revised May estimate of 1,220,000 and is 3.7% below the June 2018 rate of 1,205,000. Single‐family housing completions in June were at a rate of 870,000; this is 1.8% below the revised May rate of 886,000. The June rate for units in buildings with five units o