Home Construction Ends Second Quarter with Solid Gains

Housing starts in June jumped 17.3 percent from May to a seasonally adjusted annual rate of 1,186,000. Single-family starts jumped 17.2 percent and multi-family construction leapt 18.6 percent.

Regionally, housing starts soared 114.3 percent in the Northeast and climbed 29.3 percent in the Midwest and 20.2 percent in the South. Housing starts declined by 7.4 percent in the West. Single-family housing starts expanded across all four regions with the highest growth in the Northeast at 111.8 percent.