The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for June 2021:
Building Permits
Privately‐owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,598,000. This is 5.1 percent (±1.1 percent) below the revised May rate of 1,683,000, but is 23.3 percent (±0.9 percent) above the June 2020 rate of 1,296,000. Single‐family authorizations in June were at a rate of 1,063,000; this is 6.3 percent (±1.4 percent) below the revised May figure of 1,134,000. Authorizations of units in buildings with five units or more were at a rate of 483,000 in June.
Housing Starts
Privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,643,000. This is 6.3 percent (±11.5 percent) above the revised May estimate of 1,546,000 and is 29.1 percent (±11.2 percent) above the June 2020 rate of 1,273,000. Single‐family housing starts in June were at a rate of 1,160,000; this is 6.3 percent (±11.7 percent) above the revised May figure of 1,091,000. The June rate for units in buildings with five units or more was 474,000.
Housing Completions
Privately‐owned housing completions in June were at a seasonally adjusted annual rate of 1,324,000. This is 1.4 percent (±10.5 percent) below the revised May estimate of 1,343,000, but is 6.5 percent (±13.9 percent) above the June 2020 rate of 1,243,000. Single‐family housing completions in June were at a rate of 902,000; this is 6.1 percent (±10.2 percent) below the revised May rate of 961,000. The June rate for units in buildings with five units or more was 416,000.
