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    Home » US Housing Starts Hit Three-Month High in June, Permits Slip to Eight-Month Low
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    US Housing Starts Hit Three-Month High in June, Permits Slip to Eight-Month Low

    July 20, 20212 Mins Read
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    American housing starts continued to grow in June to mark the highest in three months, while permits fell to an eight-month low.

    • Seasonally-adjusted privately-owned housing starts stood at 1.643 million in June. This is 6.3% higher than May’s 1.546 million and 29.1% above June 2020’s 1.273 million. It is also the highest in three months since March’s 1.725 million.
    • Year-on-year and month-on-month growth was seen in single-family housing starts which grew to 1.160 million, and building with five units or more to 474,000 for the month.
    • Building permits for privately-owned housing units were reported at 1.598 million during the month. This is 23.3% higher than June 2020’s 1.296 million, but 1.1% lower than May’s 1.683 million. It is also the lowest in eight months since October 2020’s 1.595 million.
    • Year-on-year growth was recorded in permits for the month, but permits were down 6.3% for single-family housing units, by 10.3% for buildings with two to four units, and down 1.6% for buildings with five units or more.
    • Housing completions for the month were reported at a seasonally adjusted annual rate of 1.324 million. This is 1.4% lower than the 1.343 million in May, but 6.5% higher than June 2020’s 1.243 million.

    Most completions for the month were single-family housing units, followed by those with five units or more.

    VNQ is up 0.34%, while SCHH is flat premarket.

    Source: US Census Bureau

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