Housing Starts Fall To Annual Rate Of 893k In June

Privately-owned housing starts in June were at a seasonally adjusted annual rate of 893k million, the U.S. Census Bureau reports. This is 9.3% below the revised May estimate of 985k million, but is 7.5% above the June 2013 rate of 831k.

Single-family starts were decreased in June to an annual rate of 575k from 632k,, and multi-unit starts decreased to 318k from 353k.

Housing Starts