Single-family housing starts in June were at a rate of 895,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This marked a 0.2% dip from the revised May figure of 897,000.
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1.42 million, which is 19% above the revised May estimate of 1.19 million and is 3.5% above the June 2025 rate of 1.37 million.
Single-family authorizations in June were at a rate of 871,000, a 2.4% drop from the revised May figure of 892,000. Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1.36 million, which is 3.0% below the revised May rate of 1.41 million and 2.3% below the June 2025 rate of 1.39 million.
Single-family housing completions in June were at a rate of 964,000, a 6.6% upswing from the revised May rate of 904,000. Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1.39 million. This is 3.3% above the revised May estimate of 1.34 million and 1.5% above the June 2025 rate of 1.37 million.
In response to the new data, Bill Owens, chairman of the National Association of Home Builders and a home builder and remodeler from Worthington, Ohio, observed, “Single-family housing starts fell in June as elevated mortgage rates and higher construction financing costs continued to weaken builder confidence and housing demand. The newly enacted housing bill includes key provisions to help builders increase supply, including streamlined regulations and incentives for local zoning reforms, but it will take time for these measures to take effect.”
First American Deputy Chief Economist Odeta Kushi noted, “One encouraging sign in this month’s report was the increase in single-family completions, which rose 6.6% from May. Those homes provide immediate supply to the market and should offer some incremental relief for buyers.”
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