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In The News:

June Housing Starts Fall 9.3% from May

Privately owned housing starts in June were at a seasonally adjusted annual rate of 893,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.  This is 9.3 percent below the revised May estimate of 985,000, but is 7.5 percent above the June 2013 rate of 831,000.

Single-family housing starts in June were at a rate of 575,000; this is 9 percent below the revised May figure of 632,000.  The June rate for units in buildings with five units or more was 305,000.

Building permits for privately owned housing units in June were at a seasonally adjusted annual rate of 963,000.  This is 4.2 percent below the revised May rate of 1,005,000, but is 2.7 percent above the June 2013 estimate of 938,000.

Single-family building permits in June were at a rate of 631,000, 2.6 percent above the revised May figure of 615,000.  Authorizations of units in buildings with five units or more were at a rate of 301,000 in June.

Privately-owned housing completions in June were at a seasonally adjusted annual rate of 789,000.  This is 12 percent below the revised May estimate of 897,000, but 3.4 percent above the June 2013 rate of 763,000.

Single-family housing completions in June were at a rate of 586,000; this is 6.5 percent below the revised May rate of 627,000.  The June rate for units in buildings with five units or more was 198,000.

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