The US Census Bureau and the Department of Housing and Urban Development jointly announced Wednesday that privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 911,000. This is 7.5 percent below the revised May rate of 985,000, but is 16.1 percent above the June 2012 estimate of 785,000. Single-family authorizations in June were at a rate of 624,000; this is 0.6 percent above the revised May figure of 620,000. Authorizations of units in buildings with five units or more were at a rate of 261,000 in June.
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 836,000. This is 9.9 percent below the revised May estimate of 928,000, but is 10.4 percent above the June 2012 rate of 757,000. Single-family housing starts in June were at a rate of 591,000; this is 0.8 percent below the revised May figure of 596,000. The June rate for units in buildings with five units or more was 236,000.
Privately-owned housing completions in June were at a seasonally adjusted annual rate of 755,000. This is 6.3 percent above the revised May estimate of 710,000 and is 20.2 percent above the June 2012 rate of 628,000. Single-family housing completions in June were at a rate of 554,000; this is 1.1 percent below the revised May rate of 560,000. The June rate for units in buildings with five units or more was 188,000.