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Home starts fall 10 percent in June

Posted By Amanda Bayhi On July 17, 2013 @ 4:34 pm In Aggbeat Online,News | No Comments

1358425746 [1]Housing starts in the U.S. fell 9.9 percent in June, following a 6.8-percent rebound of home construction in May [2] and a 15-percent plummet in April [3], according to a report from our sister site, Equipment World [4].

Home starts fell in June to a seasonally adjusted rate of 836,000. That rate is the lowest since August 2012 but still 10.4 percent higher than June 2012.

Multi-family home construction dropped 27 percent in June, and single-family home construction slipped 0.8 percent to a rate of 591,000.

Home construction permits jumped 7.5 percent in June to a rate of 911,000–16.1 percent higher than a year ago. Additionally, single-family home construction permits rose to 624,000, which is the highest rate since May 2008.

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URL to article: http://www.aggman.com/home-starts-fall-10-percent-in-june/

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[1] Image: http://www.aggman.com/files/2013/07/1358425746.jpg

[2] 6.8-percent rebound of home construction in May: http://www.aggman.com/housing-starts-increase-6-8-percent-building-permits-drop-3-1-percent-in-may/

[3] 15-percent plummet in April: http://www.aggman.com/april-housing-starts-drop-16-5-percent-building-permits-increase-14-3-percent/

[4] a report from our sister site, Equipment World: http://www.equipmentworld.com/home-starts-stumble-10-in-june-while-single-family-permits-hit-highest-rate-in-5-years/

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