US single-family housing starts fall; building permits lowest in 10 months
US housing construction reports show mixed performance, with single-family starts falling while multifamily projects see a notable surge.
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The brief
Construction data for June reveals contrasting trends within the housing market. While single-family housing starts have declined, overall starts rose due to a rebound in multifamily construction projects. Simultaneously, building permits reached their lowest level in 10 months, arriving at 1.367 million against expectations of 1.400 million.
Reporting from Reuters, Bloomberg.com, and TradingView emphasizes the gap between single-family and multifamily sector activity. Additional coverage from KITCO and the Baton Rouge Business Report notes the impact of these figures on broader economic indicators, including the price of gold and import costs. Observers are looking to see how these shifting construction patterns influence future market valuations.
The data suggests an uneven recovery across different housing categories, though coverage does not yet specify the long-term implications for overall inventory levels.
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Quick answers
How did June building permits compare to expectations?
June building permits reached 1.367 million, falling below the expected 1.400 million and the 1.410 million recorded in May.
What drove the rise in total housing starts?
According to coverage, the total rise in housing starts was driven by a rebound in multifamily construction.
What is the status of single-family housing construction?
Reuters reports that single-family housing starts have fallen.
Coverage (5)
- US JUNE BUILDING PERMITS 1.367M VS 1.400M EXPECTED AND 1.410M IN MAY TradingView · 2d ago
- Gold remains under pressure as U.S. housing starts rise 19% in June KITCO · 2d ago
- US Housing Starts Surge on Rebound in Multifamily Construction Bloomberg.com · 2d ago
- Roundup: Apartments lead recovery / Import prices jump / Most valuable company Baton Rouge Business Report · 2d ago
- US single-family housing starts fall; building permits lowest in 10 months Reuters · 2d ago
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