BY BRAD BECKETT ON JULY 19, 2016
According to new data from the U.S. government, privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,153,000. This is 1.5% above the revised May rate of 1,136,000, but is 13.6% below the June 2015 estimate of 1,334,000. Single-family authorizations in June were at a rate of 738,000; this is 1% above the revised May figure of 731k. Authorizations of units in buildings with five units or more were at a rate of 384,000 in June.
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,189,000. This is 4.8% above the revised May estimate of 1,135,000, but is 2.0% below the June 2015 rate of 1,213,000. Single-family housing starts in June were at a rate of 778k; this is 4.4% above the revised May figure of 745k. The June rate for units in buildings with five units or more was 392k.
Do you like this post?