7/17, 2:31 PM (Source: TeleTrader)
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US housing starts surge 17.3% in June

Housing starts in the United States jumped 17.3% to an annual rate of 1,241,000 in June compared to May's revised figure, landing slightly above estimates, according to data released by the Census Bureau on Friday. On an annual basis, US housing starts diminished by 2.5% in the same month.

Privately-owned housing units that were granted building permits stood at a seasonally adjusted annual rate of 1,241,000 in June, growing 2.1% month-over-month but sliding 2.5% annually. Privately-owned housing completions climbed 4.3% monthly to amount to 1,225,000 in June, improving 5.1% compared to June 2019.

Meanwhile, single-family housing starts were at 831,000, marking a rise of 17.2% compared to the previous month's revised rate.

Breaking the News / GA