June Housing Starts

Data Round-Up: Single-Family Housing Starts Post Impressive Trend Gain

written by Michael Lewis on July 19, 2016

Housing starts were up nicely in June, reaching 1.189 mm units (seasonally-adjusted at annual rate) from a downwardly-revised 1.135 mm units in May; this +4.8% gain was well above the consensus estimate. For 2016 to date, total starts are up a solid +8% vs. the same period in 2015.