June Sees Housing Starts Move Up

 

Single-family housing starts in June were at a rate of 453,000; this is 9.4 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????11.1 percent)* above the revised May figure of 414,000. The June rate for units in buildings with five units or more was 170,000.

Privately-owned housing starts in June were at a seasonally adjusted annual rate of 629,000. This is 14.6 percent (±10.9 percent) above the revised May estimate of 549,000 and is 16.7 percent (±11.8 percent) above the June 2010 rate of 539,000. Single family units rose 0.4 percent and 5 or more units skyrocketed up 104.8 percent.

The Midwest was the region that fared the best with an increase of 45.9 percent overall and 22.5 percent for single units. The South fared the worst with an overall drop of 2.1 percent and decrease of 0.8 percent for single units.

– Courtesy of U.S. Census Bureau