The US Census Bureau and the Department of Housing and Urban Development Thursday announced the following new residential construction statistics for June 2010:
Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 586,000. This is 2.1 percent above the revised May rate of 574,000, but is 2.3 percent below the June 2009 estimate of 600,000.
Single-family authorizations in June were at a rate of 421,000; this is 3.4 percent below the revised May figure of 436,000.
Authorizations of units in buildings with five units or more were at a rate of 145,000 in June.
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 549,000. This is 5.0 percent below the revised May estimate of 578,000 and is 5.8 percent below the June 2009 rate of 583,000.
Single-family housing starts in June were at a rate of 454,000; this is 0.7 percent below the revised May figure of 457,000. The June rate for units in buildings with five units or more was 88,000