The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
July 17, 2024US HOUSING STARTS AND BUILDING PERMITS, JUNE 2024 Month over month (June 2024 vs May 2024, seasonally adjusted annualized rates)
Compared to May 2024, US housing starts were up 3.0% to a seasonally adjusted annualized rate of 1,353,000 units. There were decreases in single unit starts (-2.2%), and increases in multi-unit starts (+22.0%).
The number of residential building permits increased 3.4% to a seasonally adjusted annualized rate of 1,446,000 units. Permits were down for single units (-2.3%), down for structures with 2-4 units (-8.8%), and up for multi-unit structures with more than 5 units (+19.2%).
Year over year (June 2024 vs May 2023, seasonally adjusted annualized rates)
Compared to May 2023, US housing for starts were down 4.4%, with increases in single unit starts (+5.4%) and starts for structures with 5 or more units were down (-23.4%).
Residential building permits were down 3.1%, with decreases in single units (-1.3%), decreases in structures with 2-4 units (-5.5%) and decreases with 5 or more units (-6.5%)
Year-to-date (January-June 2024 vs January-June 2023, seasonally adjusted annualized rates)
Compared to January-June 2023, US housing for starts were down 2.5%, with increases in single unit starts (+17.3%), and down for multi-unit starts (-36.1%).
Residential building permits were down 2.3%, with increases in single units (+14.6%), decreases in structures with 2-4 units (-4.1%) and declines in structures with 5 or more units (-26.6%).
Source: US Census Bureau New Residential Construction, retrieved from Federal Reserve Bank of St. Louis
<--- Return to Archive
