Residential Building Permits Up 23.3% in June

Residential Building Permits Up 23.3% in June

And housing starts are up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Highlands Ranch, Colorado-based Kodiak Building Partners has acquired Oregon-based Miller Lumber Company, according to trade publication reports.

Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,598,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 23.3% above the June 2020 rate of 1,296,000 but 5.1% below the revised May rate of 1,683,000.

Single-family authorizations in June were at a rate of 1,063,000; this is 6.3% 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.

Privately owned housing starts in June were at a seasonally adjusted annual rate of 1,643,000. This is 29.1% above the June 2020 rate of 1,273,000 and 6.3% above the revised May estimate of 1,546,000. Single-family housing starts in June were at a rate of 1,160,000; this is 6.3% above the revised May figure of 1,091,000. The June rate for units in buildings with five units or more was 474,000.

Privately owned housing completions in June were at a seasonally adjusted annual rate of 1,324,000. This is 6.5% above the June 2020 rate of 1,243,000 and 1.4% below the revised May estimate of 1,343,000. Single-family housing completions in June were at a rate of 902,000; this is 6.1% below the revised May rate of 961,000. The June rate for units in buildings with five units or more was 416,000.

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