Industry News

Housing starts up 10% in past year

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Privately owned housing starts in June were at a seasonally adjusted annual rate of 2,004,000. This is unchanged from the May estimate of 2,004,000 and is 9.7 percent above the June 2004 rate of 1,827,000, the U.S. Census Bureau and U.S. Department of Housing and Urban Development reported today. Single-family housing starts in June 2005 were at a rate of 1,667,000; this is about 2.5 percent below the May figure of 1,709,000 but is up about 9.2 percent from June 2004. The June rate for units in buildings with five units or more was 302,000. Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 2,111,000. This is about 2.4 percent above the revised May rate of 2,062,000 and is about 4.8 percent above the June 2004 estimate of 2,014,000. Single-family authorizations in June were at a rate of 1,649,000; this is about 1.3 percent above the May figure of 1,628,000. Authorizations of units in buildings with five units or more w...