Keeping you up to date on the latest data releases.
- Housing Starts
Single-family housing starts rose 9.4 percent in June, following a downwardly revised 0.7 increase in May. The pace of single-family housing starts improved to 453,000 annualized units. Moreover, June’s performance marks the first year-over-year increase in single-family housing starts since May 2010, increasing 0.4 percent over June 2010’s pace. Single-family housing starts improved in the Midwest and South regions, increasing 22.5 percent and 0.8 percent respectively, while declines were seen in the Northeast and West regions, falling 20.4 percent and 6.4 percent, respectively. Single-family housing permits also improved in June, increasing 0.2 percent to 407,000 annualized units. However, despite June’s improvement, single-family housing permits remain 3.8 percent below June 2010’s pace.