Friday, July 17, 2015

New Residential Construction Report: June 2015

Today’s New Residential Construction Report showed generally improving results with total permit activity rising 7.4% since May while total starts surged 9.8% over the same period.

Single family housing permits, the most leading of indicators, increased 0.9% from May to 687K single family units (SAAR), and rose 6.0% above the level seen a year earlier but still remained well below levels seen at the peak in September 2005.

Single family housing starts declined 0.9% from May to 685K single family units (SAAR) but still remained 14.7% above the level seen a year earlier.