U.S. housing starts rebound in June

WASHINGTON — Privately owned housing units in the U.S. authorized by building permits in June were at a seasonally adjusted annual rate of 1,153,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.5% above the revised May rate of 1,136,000, but 13.6% below the June 2015 estimate of 1,334,000. Single-family authorizations in June were at a rate of 738,000; this is 1% above the revised May figure of 731,000. Authorizations of units in buildings with five units or more were at a rate of 384,000 in June. Privately-owned housing starts were at a SAAR of 1,189,000. This is 4.8% above the revised May estimate of 1,135,000, but is 2% below the June 2015 rate of 1,213,000.