New Residential Construction Statistics for June 2013 Released


The U.S. Census Bureau and the Department of Housing and Urban Development both released new residential construction statistics for June 2013.

According to the data, building permits of privately-owned housing units were at a seasonally adjusted annual rate of 911,000 for June 2013, down 7.5 percent from the revised May rate, but up 16.1 percent from June 2012. Authorizations of single-family homes in June were at a rate of 624,000, putting it 0.6 percent above the revised May rate. Permits of units in buildings with five units or more were at a June rate of 261,000.

Regarding housing starts, the rate in June for privately-owned houses was at a seasonally adjusted annual rate of 836,000, down 9.9 percent from the revised May rate, but up 10.4 percent from June 2012. Single-family housing starts were at a rate of 591,000 for June, down 0.8 percent from the revised May figure. Units in buildings with five units or more were at a June rate of 236,000.

Finally, privately-owned housing completions were at a seasonally adjusted annual rate of 755,000 in June, making it 6.3 percent above the revised May figure and 20.2 percent above the June 2012 rate. Single-family housing completions in June were at a rate of 554,000, down 1.1 percent from the revised May rate. The rate in June for units in buildings with five units or more was 188,000.

For more information, click here to read the full U.S. Census Bureau/U.S. Department of Housing & Urban Development Press Release.