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- U.S housing starts and building permits lower than expected in June
U.S housing starts and building permits lower than expected in June
Building permits in June were at a seasonally adjusted annual rate of 1,273,000. This is 2.2 percent below the revised May rate of 1,301,000 and is 3.0 percent (±1.1 percent) below the June 2017 rate of 1,312,000. Single-family authorizations in June were at a rate of 850,000; this is 0.8 percent above the revised May figure of 843,000. Authorizations of units in buildings with five units or more were at a rate of 387,000 in June.
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,173,000. This is 12.3 percentbelow the revised May estimate of 1,337,000 and is 4.2 percent below the June 2017 rate of 1,225,000. Single-family housing starts in June were at a rate of 858,000; this is 9.1 percent below the revised May figure of 944,000. The June rate for units in buildings with five units or more was 304,000.
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