June U.S. housing starts fell by -1.3 %
Housing Starts U.S. Economic Indicators
Housing starts decreased in June following the decline in building permits in previous month, following gain in previous period.
U.S. housing starts fell by -1.3 % in June on the seasonally adjusted basis to annual rate of 1,253,000 units, a decrease of 16,000 units from 1,269,000 in May, reported by the U.S. Department of Housing and Urban Development. Most of decline took place in the South and it was concentrated in multi-dwelling buildings such as apartments.
But not all was bad news in the government report, economists pointed out the 3.3 % increase in construction of single-family homes, siting growing demand for higher value homes.
New building went down -9.8 % to annual rate of 635,000 units in the South while the construction of multi-family units decreased -9.6 % accounting for 32.4 % of total construction. As demand for renting apartments declines.
A healthier housing market, however, would give a big boost to the economy.
In construction of housing units was bellow average rate of 1,095,845 housing starts. From June 2018, housing starts jumped by 6.8 %, in midwest housing starts rose the most, by 26.3 %, this is the main reason why some economists are optimistic about the housing market, despite the recent slowdown.
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Permits dropped by -5.7 % or 74,000 units to an annual rate of 1,253,000 units, from 1,269,000 in May on the seasonally adjusted basis Demand for building permits fell the most in the South and it was concentrated in multi-dwelling buildings such as apartments.
The issuance of new permits declined -10.8 % to annual rate of 635,000 units in the South while the permits for multi-family units decreased -15.0 % accounting for 32.4 % of total building permits issued.
Permits indicate whether demand for new homes is growing or slowing.Building permits dropped by -4.2 % from June 2018
|
| Permits By Region |
- In Northeast
housing units were authorized at seasonally adjusted annual rate of 117,000
units, an
increase of 25,000
units,
or 27.17 % from 92,000
units May 2019 and an
increase of 4.46 % from 112,000
units June 2018.
- In
Midwest housing units were authorized at seasonally
adjusted annual rate of 172,000
units, an
decrease of
2,000
units,
or
-1.15 % from 174,000
units May 2019 and an
increase of
1.18 % from 170,000
units June 2018.
- In
West housing units were authorized at seasonally adjusted
annual rate of 313,000
units, an
decrease of
22,000
units,
or
-6.57 % from 335,000
units May 2019 and an
decrease of
-4.28 % from 327,000
units June 2018.
|
- In
South housing units were authorized at seasonally adjusted annual rate of 618,000
units, an
decrease of 75,000
units,
or -10.82 % from 693,000
units May 2019 and an
decrease of -6.93 % from 664,000
units June 2018.
|
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), units) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
|
1,220,000 |
1,294,000 |
1,296,000 |
1,269,000 |
1,296,000 |
| In structures Single-family units |
|
813,000 |
815,000 |
782,000 |
808,000 |
821,000 |
| In structures with 2 - 4 units |
|
47,000 |
37,000 |
47,000 |
36,000 |
36,000 |
| In structures with 5 units or more |
|
360,000 |
442,000 |
467,000 |
425,000 |
439,000 |
| Northeast |
|
117,000 |
92,000 |
120,000 |
122,000 |
137,000 |
| Midwest |
|
172,000 |
174,000 |
188,000 |
185,000 |
188,000 |
| South |
|
618,000 |
693,000 |
649,000 |
644,000 |
683,000 |
| West |
|
313,000 |
335,000 |
339,000 |
318,000 |
288,000 |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in M / M) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
-5.72 % |
-0.15 % |
2.13 % |
-2.08 % |
-1.59 % |
| In structures Single-family units |
-0.25 % |
4.22 % |
-3.22 % |
-1.58 % |
0 % |
| In structures with 2 - 4 units |
27.03 % |
-21.28 % |
30.56 % |
0 % |
-18.18 % |
| In structures with 5 units
or more |
-18.55 % |
-5.35 % |
9.88 % |
-3.19 % |
-2.88 % |
| Northeast |
27.17 % |
-23.33 % |
-1.64 % |
-10.95 % |
1.48 % |
| Midwest |
-1.15 % |
-7.45 % |
1.62 % |
-1.6 % |
1.08 % |
| South |
-10.82 % |
6.78 % |
0.78 % |
-5.71 % |
3.96 % |
| West |
-6.57 % |
-1.18 % |
6.6 % |
10.42 % |
-15.04 % |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in % Y/Y) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
-4.16 % |
-0.54 % |
-4.14 % |
-6.28 % |
-0.15 % |
| In structures Single-family units |
-4.35 % |
-3.32 % |
-8.96 % |
-3.81 % |
-5.85 % |
| In structures with 2 - 4 units |
30.56 % |
8.82 % |
9.3 % |
-12.2 % |
-12.2 % |
| In structures with 5 units
or more |
-6.98 % |
4.25 % |
3.78 % |
-10.15 % |
14.03 % |
| Northeast |
4.46 % |
-17.86 % |
30.43 % |
-11.59 % |
3.01 % |
| Midwest |
1.18 % |
2.35 % |
-3.09 % |
-9.76 % |
2.17 % |
| South |
-6.93 % |
4.37 % |
-11.1 % |
1.9 % |
11.24 % |
| West |
-4.28 % |
2.45 % |
0.89 % |
-16.09 % |
-21.53 % |
New Housing Units Started
(Seasonally adj., at Annual Rate, units) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
|
1,253,000 |
1,269,000 |
1,235,000 |
1,139,000 |
1,162,000 |
| In structures Single-family units |
|
847,000 |
820,000 |
854,000 |
785,000 |
805,000 |
| In structures with 2 - 4 units |
|
10,000 |
13,000 |
22,000 |
17,000 |
5,000 |
| In structures with 5 units or more |
|
396,000 |
436,000 |
359,000 |
337,000 |
352,000 |
| Northeast |
|
109,000 |
73,000 |
144,000 |
86,000 |
98,000 |
| Midwest |
|
197,000 |
160,000 |
186,000 |
131,000 |
161,000 |
| South |
|
635,000 |
704,000 |
581,000 |
604,000 |
663,000 |
| West |
|
312,000 |
332,000 |
324,000 |
318,000 |
240,000 |
New Housing Units Started
(Seasonally adj. at Annual Rate, units), in Y / Y) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
-1.26 % |
2.75 % |
8.43 % |
-1.98 % |
-8.72 % |
| In structures Single-family units |
3.29 % |
-3.98 % |
8.79 % |
-2.48 % |
-17.01 % |
| In structures with 2 - 4 units |
-23.08 % |
-40.91 % |
29.41 % |
240 % |
-72.22 % |
| In structures with 5 units
or more |
-9.17 % |
21.45 % |
6.53 % |
-4.26 % |
23.51 % |
| Northeast |
49.32 % |
-49.31 % |
67.44 % |
-12.24 % |
-29.5 % |
| Midwest |
23.13 % |
-13.98 % |
41.98 % |
-18.63 % |
26.77 % |
| South |
-9.8 % |
21.17 % |
-3.81 % |
-8.9 % |
-6.75 % |
| West |
-6.02 % |
2.47 % |
1.89 % |
32.5 % |
-18.92 % |
New Housing Units Started
(Seasonally adj. at Annual Rate, in % Y/Y) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
6.82 % |
-5.09 % |
-4.04 % |
-13.65 % |
-5.99 % |
| In structures Single-family units |
-1.28 % |
-13.14 % |
-4.47 % |
-9.46 % |
-10.75 % |
| In structures with 2 - 4 units |
-9.09 % |
8.33 % |
15.79 % |
30.77 % |
-70.59 % |
| In structures with 5 units
or more |
30.26 % |
14.44 % |
-4.01 % |
-23.23 % |
11.04 % |
| Northeast |
13.54 % |
-29.13 % |
26.32 % |
-34.85 % |
-10.09 % |
| Midwest |
26.28 % |
-34.16 % |
13.41 % |
-27.22 % |
3.87 % |
| South |
5.66 % |
6.51 % |
-12.37 % |
-2.74 % |
4.74 % |
| West |
-2.5 % |
0.61 % |
-6.36 % |
-17.62 % |
-29.2 % |
New Housing Units Authorized
(Not seasonally adjusted, units) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
|
110,100 |
124,000 |
119,300 |
103,900 |
90,200 |
| In structures Single-family units |
|
74,100 |
81,200 |
75,300 |
68,200 |
57,700 |
| In structures with 2 - 4 units |
|
4,400 |
3,300 |
4,200 |
2,800 |
2,600 |
| In structures with 5 units or more |
|
31,600 |
39,400 |
39,800 |
32,800 |
30,000 |
| Northeast |
|
11,300 |
8,900 |
10,000 |
9,200 |
8,100 |
| Midwest |
|
15,600 |
18,100 |
18,400 |
13,900 |
9,700 |
| South |
|
53,900 |
65,300 |
59,400 |
54,300 |
52,100 |
| West |
|
29,300 |
31,600 |
31,400 |
26,500 |
20,300 |
New Housing Units Authorized
(Not seasonally adjusted, in Y / Y) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
-11.21 % |
3.94 % |
14.82 % |
15.19 % |
-4.45 % |
| In structures Single-family units |
-8.74 % |
7.84 % |
10.41 % |
18.2 % |
-0.69 % |
| In structures with 2 - 4 units |
33.33 % |
-21.43 % |
50 % |
7.69 % |
-16.13 % |
| In structures with 5 units
or more |
-19.8 % |
-1.01 % |
21.34 % |
9.33 % |
-9.91 % |
| Northeast |
26.97 % |
-11 % |
8.7 % |
13.58 % |
-10.99 % |
| Midwest |
-13.81 % |
-1.63 % |
32.37 % |
43.3 % |
-3 % |
| South |
-17.46 % |
9.93 % |
9.39 % |
4.22 % |
1.56 % |
| West |
-7.28 % |
0.64 % |
18.49 % |
30.54 % |
-15.77 % |
New Housing Units Authorized
(Not seasonally adjusted, in % Y/Y) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
-8.1 % |
-0.8 % |
0.59 % |
-9.89 % |
-0.33 % |
| In structures Single-family units |
-8.86 % |
-3.79 % |
-4.2 % |
-8.82 % |
-5.56 % |
| In structures with 2 - 4 units |
25.71 % |
10 % |
20 % |
-15.15 % |
-3.7 % |
| In structures with 5 units
or more |
-9.71 % |
4.79 % |
9.04 % |
-11.83 % |
12.36 % |
| Northeast |
6.6 % |
-16.04 % |
33.33 % |
-14.81 % |
9.46 % |
| Midwest |
-3.7 % |
11.73 % |
2.22 % |
-13.66 % |
2.11 % |
| South |
-11.06 % |
7.76 % |
-7.62 % |
-1.99 % |
10.15 % |
| West |
-9.57 % |
-2.47 % |
9.03 % |
-19.7 % |
-23.11 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, units) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
|
117,500 |
118,700 |
114,100 |
93,300 |
81,300 |
| In structures Single-family units |
|
81,600 |
78,300 |
81,200 |
65,500 |
55,700 |
| In structures with 2 - 4 units |
|
900 |
1,200 |
1,900 |
1,300 |
400 |
| In structures with 5 units or more |
|
35,000 |
39,200 |
31,000 |
26,500 |
25,200 |
| Northeast |
|
10,200 |
6,600 |
12,700 |
6,500 |
6,100 |
| Midwest |
|
19,700 |
16,300 |
17,600 |
9,300 |
8,700 |
| South |
|
57,900 |
65,300 |
53,700 |
51,100 |
49,300 |
| West |
|
29,700 |
30,600 |
30,100 |
26,400 |
17,200 |
New Housing Units Started
(Not seas. adj. at Annual Rate, in Y / Y) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
-1.01 % |
4.03 % |
22.29 % |
14.76 % |
-4.47 % |
| In structures Single-family units |
4.21 % |
-3.57 % |
23.97 % |
17.59 % |
-12.56 % |
| In structures with 2 - 4 units |
-25 % |
-36.84 % |
46.15 % |
225 % |
-69.23 % |
| In structures with 5 units
or more |
-10.71 % |
26.45 % |
16.98 % |
5.16 % |
25.37 % |
| Northeast |
54.55 % |
-48.03 % |
95.38 % |
6.56 % |
-30.68 % |
| Midwest |
20.86 % |
-7.39 % |
89.25 % |
6.9 % |
45 % |
| South |
-11.33 % |
21.6 % |
5.09 % |
3.65 % |
-3.14 % |
| West |
-2.94 % |
1.66 % |
14.02 % |
53.49 % |
-11.34 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, in % Y/Y) |
June 2019
prel. |
May 2019
prel. |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
| Total |
5.38 % |
-4.12 % |
-2.98 % |
-12.72 % |
-5.36 % |
| In structures Single-family units |
-2.63 % |
-12.02 % |
-3.68 % |
-8.39 % |
-11.16 % |
| In structures with 2 - 4 units |
-10 % |
20 % |
18.75 % |
18.18 % |
-63.64 % |
| In structures with 5 units
or more |
31.09 % |
15.98 % |
-2.21 % |
-22.74 % |
14.03 % |
| Northeast |
9.68 % |
-31.25 % |
25.74 % |
-35.64 % |
-6.15 % |
| Midwest |
24.68 % |
-32.64 % |
15.03 % |
-27.34 % |
4.82 % |
| South |
2.84 % |
9.75 % |
-11.39 % |
-2.29 % |
5.34 % |
| West |
-1.66 % |
0 % |
-4.75 % |
-16.98 % |
-29.22 % |
Source U.S. Department of Commerce
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