Single family starts up 6.3% to an annual pace of 849,000
Builder
Housing starts in June came in 8.3% ahead of May at a seasonally adjusted annual rate of 1,215,000, 2.1% above the June 2016 rate of 1,190,000, the Census Bureau reported Wednesday. Single-family starts were up 6.3% to a rate of 849,000, 10.3% ahead of last June.
Building permits in June were up sharply as well, posting a 7.4% gain to a seasonally adjusted annual rate of 1,254,000, 5.1% above the June 2016 rate of 1,193,000. Single-family authorizations in June were at a rate of 811,000; up 4.1% from the revised May figure of 779,000.
Privately owned housing completions in June were at a seasonally adjusted annual rate of 1,203,000, 5.2% above the revised May estimate of 1,144,000 and is 8.1% above the June 2016 rate of 1,113,000. Single-family housing completions in June were largely flat (+0.4%) at a rate of 798,000.
