Housing Starts Slide Again in June

Privately-owned housing starts in June were at a seasonally adjusted annual rate of 549,000 according to the U.S Census Dept. This is five percent below the revised May estimate of 578,000 and 5.8 percent below the June 2009 rate of 583,000. Single-family housing starts in June were at a rate of 454,000, 0.7 percent below the revised May figure of 457,000.

Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 586,000. This is 2.1 percent above the revised May rate of 574,000, but 2.3 percent below the June 2009 estimate of 600,000. Single-family authorizations in June were at a rate of 421,000; 3.4 percent below the revised May figure of 436,000.

New Privately Owned Housing Units Started

(Thousands of units, seasonally adjusted annual rate)PeriodTotal1 Unit5 Units or moreNortheastMidwestSouthWestJune 2010 ₁ 549 454 88 63 94 281 111 May 2010 ₂ 578 457 109 71 101 288 118 April 2010 ₂ 679 563 104 84 118 367 110 March 2010 634 535 91 66 93 339 136 February 2010 605 527 62 72 105 285 143 June 2009 2009 476 96 79 105 274 125

1-Preliminary; 2-Revised; Note: Detail may not add to total because of rounding.

Source: U.S. Bureau of the Census