Steel Markets
July 18, 2016
Housing Starts Up 4.8 Percent in June
Written by Sandy Williams
Housing starts rose 4.8 percent in June to a seasonally adjusted annual rate of 1,189,000, exceeding analyst expectations for the month. On a year-over-year basis, starts were 2.0 percent lower than the rate of 1,334,000 in June 2015. May’s estimate was revised downward to 1.14 million unit rate from the previously reported 1.16 million units.
Single family housing starts jumped 4.4 percent from May while the June rate for buildings with five units or more rose 1.6 percent.
