The U.S. Census Bureau and the Department of Housing and Urban Development have recently announced new residential construction statistics for June 2015. According to the data, building permits for privately-owned housing units in June were at a seasonally adjusted annual rate of 1,343,000, up 7.4 percent from the revised May rate of 1,250,000 and up a significant 30.0 percent from the June 2014 rate of 1,033,000. Building permits for single-family housing in June were estimated at 687,000, up 0.9 percent from the revised May rate of 681,000. Building permits for units in buildings with five units or more in June were at a rate of 621,000.
Privately-owned housing starts were at an adjusted rate of 1,174,000 in June, up 9.8 percent from May’s revised estimate of 1,069,000 and up 26.6 percent from the June 2014 rate of 927,000. Single-family housing starts were at a rate of 685,000 in June, down 0.9 percent from the revised May rate of 691,000. Starts for units in buildings with five units or more had a June rate of 476,000.
As for housing completions, the June rate for privately-owned housing was at a seasonally adjusted annual estimate of 972,000, a decrease of 6.7 percent from May’s revised rate of 1,042,000, but up 22.0 percent from the June 2014 estimate of 797,000. Single-family housing completions were at a rate of 647,000 for June, putting it 0.3 percent below May’s revised rate of 649,000. The housing completion rate for units in buildings with five units or more was at 317,000 in June.
For more information, click here to read the full U.S. Census Bureau/U.S. Department of Housing & Urban Development Press Release for June 2015.