Housing starts rose between May and June
Housing starts rose 9.1 percent month-over-month to a seasonally adjusted annual rate of 1.066 million units, according to the U.S. Department of Commerce. That figure is 26.9 percent below the June 2007 rate of 1.458 million.
Of those, single-family housing starts in June fell 5.3 percent to a rate of 647,000.
Housing completions in June were at a seasonally adjusted annual rate of 1.167 million, 1.2 percent above the revised May estimate of 1.153 million. That figure still is 21.7 percent below the revised June 2007 rate of 1.491 million.
Building permits in June were at a seasonally adjusted annual rate of 1.091 million, 11.6 percent higher than the May rate of 978,000. That figure is 23.9 percent below the June 2007 rate of 1.433 million.