![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSVPbho52Th7CaUYCF5kZv0XyP1o7hTuPDE9zyi2bCNkCXwcd4e0K2IYKhcS-4mNWNMdrGSEkG3KrQLznmy4qsbWktxG4ncPwn7Qlp4dWe2Ly-R8q4yOpzXvJhqw8xsq_g6n5m/s280/bubbleconst.jpg)
Single family housing permits, the most leading of indicators, increased 0.6% from May to 624K single family units (SAAR), and increased 24.6% above the level seen in June 2012 but still remained well below levels seen at the peak in September 2005.
Single family housing starts declined 0.8% from May to 591K units (SAAR), and rose 11.5% above the level seen in June 2012 but still remained well below the peak set in early 2006.