Building Permits Down 6.1% in June

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The U.S. government is reporting that Privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,253,000, which as 0.9% lower than May’s revised estimate and 6.2% higher than June, 2018.  Single‐family housing starts in June were at a rate of 847k, which is 3.5% higher than May’s revised figure.  June’s rate for units in buildings with five units or more was 396k.  Privately‐owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,220,000. This figure is 6.1% below May’s revised rate and is 6.6% lower than June, 2018.  Single‐family authorizations in June were at a rate of 813km which is 0.4% higher than May.  Authorizations of units in buildings with five units or more were at a rate of 360k.

Click here to read the full report at Census.gov.

 

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Director of Education & Outreach, National Real Estate Investors Association