Housing Starts Surged in June, Rising 9.8%

Washington, DC, July 17, 2015—New home construction rose 9.8% in June to a seasonally adjusted annual rate of 1,174,000, according to the Commerce Department. 

This is 26.6% above the June 2014 rate of 927,000. 

Single-family housing starts in June were at a rate of 685,000; this is 0.9% below the revised May figure of 691,000. The June rate for units in buildings with five units or more was 476,000. 

Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,343,000, 7.4% above the revised May rate of 1,250,000 and 30% above the June 2014 estimate of 1,033,000.