June Housing Starts Up 10.4% Over June 2012 - Modern Distribution Management

June Housing Starts Up 10.4% Over June 2012

Housing starts in June were 9.9 below May, however.

U.S. housing starts in June were at a seasonally adjusted annual rate of 836,000, 9.9 percent below May but 10.4 percent above June 2012, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

Single-family housing starts in June were at a rate of 591,000; this is 0.8 percent below the May. The June rate for units in buildings with five units or more was 236,000.

Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 911,000. This is 7.5 percent below May, but is 16.1 percent above June 2012. Single-family authorizations in June were at a rate of 624,000; this is 0.6 percent above May.

Authorizations of units in buildings with five units or more were at a rate of 261,000 in June.

Privately-owned housing completions in June were at a seasonally adjusted annual rate of 755,000. This is 6.3 percent above May and is 20.2 percent above June 2012. Single-family housing completions in June were at a rate of 554,000; this is 1.1 percent below May 560,000. The June rate for units in buildings with five units or more was 188,000.

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