The 2020 Mid-Year Economic Update_long

June Housing Starts Decrease 2% YOY

Privately owned housing starts up 4.8 percent compared with May.

Privately owned housing starts in June were at a seasonally adjusted annual rate of 1,189,000. This is 4.8 percent above the revised May estimate of 1,135,000, but 2 percent below the June 2015 rate of 1,213,000.

Single-family housing starts in June were at a rate of 738,000; this is 1 percent above the revised May figure of 731,000. The June rate for units in buildings with five units or more was 384,000.

Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,153,000. This is 1.5 percent above the revised May rate of 1,136,000, but is 13.6 percent below the June 2015 estimate of 1,334,000.

Single-family authorizations in June were at a rate of 738,000; this is 1 percent above the revised May figure of 731,000. Authorizations of units in buildings with five units or more were at a rate of 384,000 in June.

Privately owned housing completions in June were at a seasonally adjusted annual rate of 1,147,000. This is 12.3 percent above the revised May estimate of 1,021,000, and 18.7 percent above the June 2015 rate of 966,000.

Single-family housing completions in June were at a rate of 752,000; this is 3.7 percent above the revised May rate of 725,000. The June rate for units in buildings with five units or more was 386,000.

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