US Census Bureau: Residential construction starts in June fall short

Wednesday, 21 July 2010 01:54:54 (GMT+2)

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.

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