U.S. Census Bureau: Monthly New Residential Construction, June 2020

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 2020:

Building Permits

Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,241,000. This is 2.1 percent (±1.2 percent) above the revised May rate of 1,216,000, but is 2.5 percent (±1.7 percent) below the June 2019 rate of 1,273,000. Single-family authorizations in June were at a rate of 834,000; this is 11.8 percent (±2.0 percent) above the revised May figure of 746,000. Authorizations of units in buildings with five units or more were at a rate of 368,000 in June.

Housing Starts

Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,186,000. This is 17.3 percent (±11.0 percent) above the revised May estimate of 1,011,000, but is 4.0 percent (±9.1 percent)* below the June 2019 rate of 1,235,000. Single-family housing starts in June were at a rate of 831,000; this is 17.2 percent (±10.0 percent) above the revised May figure of 709,000. The June rate for units in buildings with five units or more was 350,000.

Housing Completions

Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,225,000. This is 4.3 percent (±12.2 percent)* above the revised May estimate of 1,174,000 and is 5.1 percent (±11.9 percent)* above the June 2019 rate of 1,166,000. Single-family housing completions in June were at a rate of 910,000; this is 9.6 percent (±15.2 percent)* above the revised May rate of 830,000. The June rate for units in buildings with five units or more was 311,000.

The July report is scheduled for release on August 18, 2020. View the full schedule in the Economic Briefing Room: www.census.gov/economic-indicators/. The full text and tables for this release can be found at www.census.gov/construction/nrc/.

Statement Regarding COVID-19 Impact

Due to recent events surrounding COVID-19, many governments and businesses are operating on a limited capacity or have ceased operations completely. The Census Bureau has monitored response and data quality and determined estimates in this release meet publication standards. For more information on the compilation of this month’s report, see COVID-19 FAQ.

For the full June report, click here.

Source: U.S. Census Bureau