Housing Starts Up In June

Posted by Orb Staff on July 18, 2012 No Comments
Categories : Residential Mortgage

12016_woodhouse3 Housing Starts Up In June Privately owned housing starts in June were at a seasonally adjusted annual rate of 760,000 – 6.9% above the revised May estimate of 711,000 and 23.6% above the June 2011 rate of 615,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Single-family housing starts in June were at a rate of 539,000, which is 4.7% above the revised May figure of 515,000.

Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 755,000. This is 3.7% below the revised May rate of 784,000, but is 19.3% above the June 2011 estimate of 633,000. Single-family authorizations in June were at a rate of 493,000; this is 0.6% 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.

Privately owned housing completions in June were at a seasonally adjusted annual rate of 622,000, which is 2.6% above the revised May estimate of 606,000 and 7.2% above the June 2011 rate of 580,000. Single-family housing completions in June were at a rate of 470,000 – 1.3% above the revised May rate of 464,000. The June rate for units in buildings with five units or more was 134,000.

The June rate for units in buildings with five units or more was 213,000.

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