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Home » Distribution Industry News » June 2024 Housing Starts Fall Year Over Year

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  • Published on: July 18, 2024

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Distribution Industry News

June 2024 Housing Starts Fall Year Over Year

Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,446,000. This is 3.4% above the revised May rate of 1,399,000, but is 3.1% below the June 2023 rate of 1,493,000, according to the U.S. Census Bureau. 

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Single-family authorizations in June were 934,000; this is 2.3% below the revised May figure of 956,000. There were 460,000 June authorizations in buildings with five units or more.

Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,353,000. This is 3% above the revised May estimate of 1,314,000 but is 4.4% below the June 2023 rate of 1,415,000.  

Single-family housing starts in June were at a rate of 980,000; this is 2.2% below the revised May figure of 1,002,000. The June rate for units in buildings with five units or more was 360,000. 

Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,710,000. This is 10.1% above the revised May estimate of 1,553,000 and is 15.5% above the June 2023 rate of 1,480,000. Single-family housing completions in June were at a rate of 1,037,000; this is 1.8% above the revised May rate of 1,019,000. The June rate for units in buildings with five units or more was 656,000. 

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