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Comments on June Housing Starts

1 month ago   |   By Calculated Risk

Earlier: Housing Starts increased to 1.643 Million Annual Rate in June
Total housing starts in June were above expectations, however starts in April and May were revised down.
Single family starts increased in June, and were up 28% year-over-year. Starts declined at the beginning of the pandemic, and then increased due to strong demand.
The volatile multi-family sector is up 31% year-over-year.
The housing starts report showed total starts were up 6.3% in June compared to the previous month, and total starts were up 29.1% year-over-year compared to June 2020.
Low mortgage rates, limited...
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New single-family housing starts ramp up 6% in June: Census Bureau

New single-family housing starts ramp up 6% in June: Census Bureau

1 month ago   |   By Inman

The increase in housing starts is a welcome gift, but experts say builders aren't yet betting recent improvements in materials costs are here to stay for the long term.
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US home construction jumps 6.3% in June

1 month ago   |   By Chron

SILVER SPRING, Md. - Home construction in the U.S. jumped 6.3% in June, another big swing in a volatile year.
The rise in June put home construction at a seasonally adjusted annual rate of 1.64 million units, the Commerce Department reported Tuesday.
Applications for building permits, which are used to forecast future activity, declined 5.1% in June to a seasonally adjusted rate of 1.59 million units.
Month-to-month, homebuilding activity has been on a wild ride so far this year, with several double-digit swings in either direction. But housing remains one of the stronger segments of the...
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Housing Starts increased to 1.643 Million Annual Rate in June

Housing Starts increased to 1.643 Million Annual Rate in June

1 month ago   |   By Calculated Risk

From the Census Bureau: Permits, Starts and Completions
Housing Starts:
Privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,643,000. This is 6.3 percent above the revised May estimate of 1,546,000 and is 29.1 percent above the June 2020 rate of 1,273,000. Single‐family housing starts in June were at a rate of 1,160,000; this is 6.3 percent above the revised May figure of 1,091,000. The June rate for units in buildings with five units or more was 474,000.
Building Permits:
Privately‐owned housing units authorized by building permits in June were at a...
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