Weekly Real Estate News
Single‐family housing starts in June were at a rate of 935,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7% below the revised May figure of slightly more than 1 million.
Privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1.43 million, an 8% decline from the revised May estimate of 1.55 million and 8.1% below the June 2022 rate of 1.56 million.
Single‐family authorizations in June were at a rate of 922,000, up 2.2% from the revised May figure of 902,000. Privately‐owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1.44 million, down 3.7% from the revised May rate of 1.49 million and a 15.3% drop from the June 2022 rate of 1.7 million.
Single‐family housing completions in June were at a rate of 986,000, down 2.8% from the revised May rate of 1.01 million. Privately‐owned housing completions in June were at a seasonally adjusted annual rate of 1.46 million, which is 3.3% below the revised May estimate of 1.51 million but also 5.5% above the June 2022 rate of 1.39 million.
