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Friday, July 17, 2015

Housing Starts Rose 9.8% in June

Housing starts in June were at a seasonally adjusted annual rate of 1.174 million, 9.8 percent above the revised May estimate of 1.069 million and 26.6 percent higher than 927,000 in June 2014. The figure for single family housing was 687,000, 0.9 percent below the revised May estimate.

The housing activity was mixed across regions, rising in the Northeast and South by 35.5 percent and 13.5 percent, respectively, but declining in the West and Midwest by 6.0 percent and 0.7 percent, respectively.

There were 1.343 million (SAAR) new building permits in June, up 7.4 percent from May’s revised level, and 30.0 percent above the June 2014 level. Permits for single family units were at 687,000 (SAAR), 0.9 percent above May’s figure. Multi-family units were at 621,000 (SAAR).
In total, 972,00 (SAAR) houses were completed in June, 6.7 percent below May’s revised estimate, but 22 percent above the June 2014 level.

Read the Census release.

Visit the new Banks and the Economy.

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