National residential new home metrics; June 2021

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for June 2021

NEW RESIDENTIAL CONSTRUCTION JUNE 2021   Building Permits: 1,598,000    Housing Starts: 1,643,000    Housing Completions: 1,324,000    Next Release:  August 18, 2021 Seasonally Adjusted Annual Rate (SAAR) Source:  U.S. Census Bureau, HUD,

July 20, 2021 Building Permits Privately‐owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,598,000.  This is 5.1 percent (±1.1 percent) below the revised May rate of 1,683,000, but is 23.3 percent (±0.9 percent) above the June 2020 rate of 1,296,000.

  Single‐family authorizations in June were at a rate of 1,063,000; this is 6.3 percent (±1.4 percent) below the revised May figure of 1,134,000.  Authorizations of units in buildings with five units or more were at a rate of 483,000 in June.

Housing Starts Privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,643,000.  This is 6.3 percent (±11.5 percent)* above the revised May estimate of 1,546,000 and is 29.1 percent (±11.2 percent) above the June 2020 rate of 1,273,000.  Single‐family housing starts in June were at a rate of 1,160,000; this is 6.3 percent (±11.7 percent)* above the revised May figure of 1,091,000. The June rate for units in buildings with five units or more was 474,000.

   Housing Completions Privately‐owned housing completions in June were at a seasonally adjusted annual rate of 1,324,000.  This is 1.4 percent (±10.5 percent)* below the revised May estimate of 1,343,000, but is 6.5 percent (±13.9 percent)* above the June 2020 rate of 1,243,000.  Single‐family housing completions in June were at a rate of 902,000; this is 6.1 percent (±10.2 percent)* below the revised May rate of 961,000.

About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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