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Housing Starts Shoot Up in June

The U.S. Government is reporting that privately owned housing starts in June were at a seasonally adjusted annual rate of 1,215,000.  This is 8.3% above the May’s estimate of 1,122,000 and is 2.1% higher than June 2016. Single-family housing starts in June were at a rate of 849k, which is 6.3% higher than May’s number.  June’s rate for units in buildings with five units or more was 359k.  Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,254,000. This is 7.4% above May’s rate of 1,168,000 and is 5.1% higher than June. Single-family authorizations in June were at a rate of 811k, which is 4.1% higher than May’s number. Authorizations of units in buildings with five units or more were at a rate of 409k in June.

 

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