Housing starts in June fell 0.9% from May to a seasonally adjusted annual rate of 1,253,000, 6.2% ahead of June, 2018, the Commerce Department reported Wednesday. Single‐family housing starts in June were at a rate of 847,000, 3.5% above the revised May figure of 818,000. The June rate for units in buildings with five units or more was 396,000.
Building permits fell 6.1% in June from May and were at a seasonally adjusted annual rate of 1,220,000, 6.6% below the June 2018 rate of 1,306,000. Single‐family authorizations in June were at a rate of 813,000, 0.4% above the revised May figure of 810,000. Authorizations of units in buildings with five units or more were at a rate of 360,000 in June.
Housing completions in June were at a seasonally adjusted annual rate of 1,161,000, 4.8% below the revised May estimate of 1,220,000 and 3.7% below the June 2018 rate of 1,205,000. Single‐family housing completions in June were at a rate of 870,000, 1.8% below the revised May rate of 886,000. The June rate for units in buildings with five units or more was 283,000.