Housing Starts +7% in June

[Wednesday, July 18, 2012]  Privately-owned housing starts in June were at a seasonally adjusted annual rate of 760,000. This is 6.9 percent (±13.3%) above the revised May estimate of 711,000 and is 23.6 percent (±16.8%) above the June 2011 rate of 615,000.

Single-family housing starts in June were at a rate of 539,000; this is 4.7 percent (±10.1%)* above the revised May figure of 515,000. The June rate for units in buildings with five units or more was 213,000.

Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 755,000. This is 3.7 percent (±1.0%) below the revised May rate of 784,000, but is 19.3 percent (±1.8%) above the June 2011 estimate of 633,000.

Single-family authorizations in June were at a rate of 493,000; this is 0.6 percent (±0.8%) above the revised May figure of 490,000. Authorizations of units in buildings with five units or more were at a rate of 241,000 in June. Read More ...