Building Permits Fall 3.7 Percent In June

(Newsroom America) -- Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 755,000, down 3.7 percent on the revised May rate of 784,000.

But figures released by the U.S. Census Bureau and the Department of Housing and Urban Development show this is 19.3 percent above the June 2011 estimate of 633,000.

Single-family authorizations in June were at a rate of 493,000; this is 0.6 percent above the revised May figure of 490,000. Authorizations of units in buildings with five units or more were at a rate of 241,000 in June.

Privately-owned housing starts in June were at a seasonally adjusted annual rate of 760,000. This is 6.9 percent above the revised May estimate of 711,000 and is 23.6 percent above the June 2011 rate of 615,000.

Single-family housing starts in June were at a rate of 539,000; this is 4.7 percent above the revised May figure of 515,000. The June rate for units in buildings with five units or more was 213,000.

Privately-owned housing completions in June were at a seasonally adjusted annual rate of 622,000. This is 2.6 percent above the revised May estimate of 606,000 and is 7.2 percent above the June 2011 rate of 580,000.

Single-family housing completions in June were at a rate of 470,000; this is 1.3 percent above the revised May rate of 464,000. The June rate for units in buildings with five units or more was 134,000.