Single-family housing starts in June were at a rate of 980,000, a 2.2% decline from the revised May figure of just over 1 million, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development.
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1.35 million, 3% above the revised May estimate of 1.31 million but 4.4% below the June 2023 rate of 1.41 million.
Single-family authorizations in June were at a rate of 934,000, which is 2.3% below the revised May figure of 956,000. Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1.44 million, up 3.4% above the revised May rate of 1.39 million but 3.1% below the June 2023 rate of 1.49 million.
Single-family housing completions in June were at a rate of 1.03 million, which is 1.8% above the revised May rate of 1.01 million. Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1.71 million, which is 10.1% above the revised May estimate of 1.55 million and a 15.5% above the June 2023 rate of 1.48 million.
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