Housing starts - 8:35AM

Full report here FOR IMMEDIATE RELEASE FRIDAY, JULY 17, 2009 AT 8:30 A.M. EDT CB09-109 Erica Filipek or Stephen Cooper Manufacturing and Construction Division (301) 763-5160 NEW RESIDENTIAL CONSTRUCTION IN JUNE 2009 The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for June 2009: BUILDING PERMITS "Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 563,000. This is 8.7 percent (±3.0%) above the revised May rate of 518,000, but is 52.0 percent (±3.6%) below the June 2008 estimate of 1,174,000." Single-family authorizations in June were at a rate of 430,000; this is 5.9 percent (±1.4%) above the revised May figure of 406,000. Authorizations of units in buildings with five units or more were at a rate of 109,000 in June. HOUSING STARTS Privately-owned housing starts in June were at a seasonally adjusted annual rate of 582,000. This is 3.6 percent (±11.3%)* above the revised May estimate of 562,000, but is 46.0 percent (±4.3%) below the June 2008 rate of 1,078,000. Single-family housing starts in June were at a rate of 470,000; this is 14.4 percent (±11.8%) above the revised May figure of 411,000. The June rate for units in buildings with five units or more was 101,000. HOUSING COMPLETIONS Privately-owned housing completions in June were at a seasonally adjusted annual rate of 818,000. This is 0.4 percent (±15.7%)* below the revised May estimate of 821,000 and is 27.7 percent (±9.0%) below the June 2008 rate of 1,131,000. Single-family housing completions in June were at a rate of 538,000; this is 8.9 percent (±14.7%)* above the revised May figure of 494,000. The June rate for units in buildings with five units or more was 271,000. New Residential Construction data for July 2009 will be released on Tuesday, August 18, 2009, at 8:30 A.M. EDT. Our Internet site is: http://www.census.gov/newresconst