EconoIndicators

Housing Starts At a Glance

Much of the increase in housing starts and building permits resulted from a large increase in building permits issued for multifamily residential buildings in New York City.

Seasonally Adjusted

• Housing Starts: 1,066,000
• Monthly Change: Up 9.1%
• Year-to-year Change: Down 26.9%
• 1-Family Monthly Change: Down 5.3%
• Housing Completions: 1,167,000
• Monthly Change: Up 1.2%
• Year-to-year Change: Down 21.7%
• 1-Family Monthly Change: Down 2.9%
• Building Permits: 1,091,000.
• Monthly Change: Up 11.6%
• Year-to-year Change: Down 23.9%
• 1-Family Monthly Change: Down 3.5%

Technorati Tags: housing, starts, new, residential, construction

NEW RESIDENTIAL CONSTRUCTION IN JUNE 2008
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for June 2008:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,091,000.
This is 11.6 percent (±1.2%) above the revised May rate of 978,000, but is 23.9 percent (±1.3%) below the revised June 2007
estimate of 1,433,000.
Single-family authorizations in June were at a rate of 613,000; this is 3.5 percent (±1.4%) below the May figure of 635,000.
Authorizations of units in buildings with five units or more were at a rate of 446,000 in June.
HOUSING STARTS
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,066,000. This is 9.1 percent (±10.3%)* above
the revised May estimate of 977,000, but is 26.9 percent (±5.9%) below the revised June 2007 rate of 1,458,000.
Single-family housing starts in June were at a rate of 647,000; this is 5.3 percent (±9.6%)* below the May figure of 683,000. The
June rate for units in buildings with five units or more was 400,000.
HOUSING COMPLETIONS
Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,167,000. This is 1.2 percent (±11.9%)*
above the revised May estimate of 1,153,000, but is 21.7 percent (±8.0%) below the revised June 2007 rate of 1,491,000.
Single-family housing completions in June were at a rate of 859,000; this is 2.9 percent (±10.9%)* below the May figure of 885,000.
The June rate for units in buildings with five units or more was 289,000.

Housing Starts - June 2008 [PDF]

Housing Starts - June 2008 [Excel]

Source: Department of Commerce, Census Bureau