Housing Starts Up 4.6% In June, Higher Than Expected

Summary

• In the latest report by the Census Bureau, housing starts rose 4.6% in June to a seasonally adjusted annual rate of 1.321 million.
• In June, single-family housing starts were at a seasonally adjusted annual rate of 0.883 million, the lowest level in a year.
• Multi-family buildings housing starts were at a seasonally adjusted annual rate of 0.414 million.

carlofranco

By Jennifer Nash

In the latest report by the Census Bureau, housing starts rose 4.6% in June to a seasonally adjusted annual rate of 1.321 million. This represents a 0.5% decline compared to one year ago. The latest data was higher than the