U.S housing starts for June came in at 549,000 vs. 575,000 expected. New building permits nonetheless beat expectations, coming in at 586,000 vs. 572,000 expected.
Privately-owned housing units authorised by building permits in June were at a seasonally adjusted annual rate of 586,000. This is 2.1 per cent (±2.1%)* above the revised May rate of 574,000, but is 2.3 per cent (±2.0%) below the June 2009 estimate of 600,000.
Single-family authorizations in June were at a rate of 421,000; this is 3.4 per cent (±1.8%) below the revised May figure of 436,000. Authorizations of units in buildings with five units or more were at a rate of 145,000 in June.
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 549,000. This is 5.0 per cent (±13.2%)* below the revised May estimate of 578,000 and is 5.8 per cent (±10.5%)* below the June 2009 rate of 583,000.
Single-family housing starts in June were at a rate of 454,000; this is 0.7 per cent (±10.7%)* below the revised May figure of 457,000. The June rate for units in buildings with five units or more was 88,000.
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