Building Permits Plunge by 5.1% in June amid Gains in Housing Starts

Source: Census Bureau 

The number of authorized private-owned houses in the US plunged at an annual rate of 5.1% in June from May to hit 1.598 million.

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• The building permits in June were 23.3% above the rate in the comparable month of 2020.
• June housing starts rose by 6.3% from May to an annual rate of 1.643 million and were 29.1% higher than the same month of 2020.
• Housing completions fell by 1.4% in June from May to reach an annual rate of 1.324 million. The house completions were 6.5% above the comparable month of 2020.