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newresconst (3)
newresconst (3)
July 17, 2024 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly
announced the following new residential construction statistics for June 2024:
Thousands of Units
Building Permits: 1,446,000 1,500
1,200
Housing Starts: 1,353,000
900
Housing Completions: 1,710,000 Permits
600
Next Release: August 16, 2024 Starts
300 Completions
Seasonally Adjusted Annual Rate (SAAR) 0
Source: U.S. Census Bureau, HUD, July 17, 2024 Jun-19 Jun-20 Jun-21 Jun-22 Jun-23 Jun-24
Source: U.S. Census Bureau, HUD, July 17, 2024
Building Permits
Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of
1,446,000. This is 3.4 percent above the revised May rate of 1,399,000, but is 3.1 percent below the June 2023 rate
of 1,493,000. Single-family authorizations in June were at a rate of 934,000; this is 2.3 percent below the revised
May figure of 956,000. Authorizations of units in buildings with five units or more were at a rate of 460,000 in June.
Housing Starts
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,353,000. This is 3.0 percent
(±10.5 percent)* above the revised May estimate of 1,314,000, but is 4.4 percent (±12.7 percent)* below the June
2023 rate of 1,415,000. Single-family housing starts in June were at a rate of 980,000; this is 2.2 percent (±12.1
percent)* below the revised May figure of 1,002,000. The June rate for units in buildings with five units or more was
360,000.
Housing Completions
Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,710,000. This is 10.1
percent (±10.6 percent)* above the revised May estimate of 1,553,000 and is 15.5 percent (±12.6 percent) above
the June 2023 rate of 1,480,000. Single-family housing completions in June were at a rate of 1,037,000; this is 1.8
percent (±10.3 percent)* above the revised May rate of 1,019,000. The June rate for units in buildings with five units
or more was 656,000.
The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance
protection of the confidential source data (Disclosure Review Board (DRB) approval number: CBDRB-FY23-0307).
API
The Census Bureau’s application programming interface lets developers create custom apps to reach new users and
makes key demographic, socio-economic and housing statistics more accessible than ever before.
<www.census.gov/developers/>
FRED Mobile App
Receive the latest updates on the nation’s key economic indicators by downloading the
FRED App <https://fred.stlouisfed.org/fred-mobile/> for both Apple and Android devices.
FRED, the signature database of the Federal Reserve Bank of St. Louis, now incorporates
the Census Bureau’s 13 economic indicators.
###
* The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from
zero.
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,508 1,031 51 426 147 59 213 123 800 608 348 241
February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,563 1,027 57 479 214 60 237 141 794 603 318 223
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,485 984 52 449 146 56 204 133 794 577 341 218
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,440 977 56 407 152 61 166 119 828 589 294 208
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,399 956 57 386 120 58 180 114 779 577 320 207
June (p) . . . . . . . . . . . . . . . . . . . . . . . . . . 1,446 934 52 460 117 61 208 121 801 551 320 201
1
Percent Change
Jun. 2024 from May. 2024 . . . . . . . . . . . 3.4% -2.3% -8.8% 19.2% -2.5% 5.2% 15.6% 6.1% 2.8% -4.5% 0.0% -2.9%
Jun. 2024 from Jun. 2023 . . . . . . . . . . . . -3.1% -1.3% -5.5% -6.5% -11.4% 0.0% 2.0% 6.1% -2.2% -3.3% -5.3% 0.0%
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 114.8 75.9 3.7 35.1 10.7 4.4 12.3 6.6 66.7 48.0 25.1 17.0
February . . . . . . . . . . . . . . . . . . . . . . . . . . 119.1 79.4 4.1 35.6 14.3 4.2 14.3 8.8 64.9 49.5 25.6 16.9
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124.3 85.2 4.3 34.8 12.4 4.4 15.9 10.6 67.2 51.2 28.8 18.9
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 132.3 93.6 5.0 33.7 12.1 5.6 16.2 12.2 77.5 56.0 26.5 19.8
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 132.4 94.1 5.2 33.1 10.9 5.8 18.3 11.8 73.2 55.8 30.0 20.6
June (p) . . . . . . . . . . . . . . . . . . . . . . . . . . 125.0 83.3 4.4 37.3 11.8 5.7 18.2 11.2 66.5 48.0 28.6 18.4
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Computed using unrounded data
Note: Year-to-date permits estimates reflect revisions not distrubuted to months.
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, July 17, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/nrc/methodology.html>.
New Privately-Owned Housing Units Authorized, but Not Started, at End of Period
(Thousands of Units. Detail may not add to total because of rounding.)
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 267 142 S 120 30 13 21 12 151 86 65 31
February . . . . . . . . . . . . . . . . . . . . . . . . . . 266 140 S 122 33 12 21 13 148 83 64 32
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 275 139 S 131 38 14 20 12 151 81 66 32
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 274 139 S 129 41 15 21 12 147 81 65 31
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 272 139 S 127 38 15 23 11 149 83 62 30
June (p) . . . . . . . . . . . . . . . . . . . . . . . . . . 277 140 S 131 39 16 25 12 149 82 64 30
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 6 5 X 9 23 21 10 9 7 7 10 8
Percent Change2
Jun. 2024 from May. 2024 . . . . . . . . . . . 1.8% 0.7% S 3.1% 2.6% 6.7% 8.7% 9.1% 0.0% -1.2% 3.2% 0.0%
3
. 90 percent confidence interval . . . . . . ± 2.9 ± 4.7 X ± 4.1 ± 7.0 ± 8.4 ± 10.3 ± 11.8 ± 4.2 ± 7.4 ± 5.5 ± 5.6
Jun. 2024 from Jun. 2023 . . . . . . . . . . . . 1.1% 0.0% S 0.0% 11.4% 6.7% 19.0% 9.1% -2.6% 2.5% -1.5% -11.8%
. 90 percent confidence interval 3 . . . . . . ± 12.5 ± 10.4 X ± 20.9 ± 42.6 ± 48.0 ± 28.6 ± 26.7 ± 15.5 ± 13.2 ± 16.8 ± 17.2
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 268.4 138.3 4.7 125.5 30.6 12.6 21.0 10.6 153.2 84.7 63.5 30.3
February . . . . . . . . . . . . . . . . . . . . . . . . . . 270.8 139.4 4.0 127.4 34.8 12.1 21.7 12.9 149.5 82.6 64.8 31.8
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 278.5 140.9 5.2 132.4 39.3 14.0 21.8 13.6 149.4 80.3 68.0 33.0
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 279.9 142.2 5.7 132.0 40.7 15.7 25.1 13.3 147.7 81.1 66.5 32.2
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 280.4 147.7 5.9 126.8 39.7 16.1 24.8 13.4 150.9 85.7 65.0 32.5
June (p) . . . . . . . . . . . . . . . . . . . . . . . . . . 276.4 141.9 6.3 128.3 40.1 16.3 24.2 13.1 147.6 80.9 64.5 31.5
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 6 5 29 9 23 21 10 9 7 7 10 8
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Average relative standard error for the latest 6-month period
2
Computed using unrounded data
3
See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals
Note: These data represent the number of housing units authorized in all months up to and including the last day of the reporting period and not started
as of that date without regard to the months of original permit issuance. Cancelled, abandoned, expired, and revoked permits are excluded.
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, July 17, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/nrc/methodology.html>.
New Privately-Owned Housing Units Started
(Thousands of Units. Detail may not add to total because of rounding.)
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,376 1,011 S 347 133 69 139 112 754 579 350 251
February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,546 1,134 S 396 119 82 239 152 863 669 325 231
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,299 1,041 S 251 96 67 154 135 732 615 317 224
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,377 1,037 S 334 103 63 182 142 806 617 286 215
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,314 1,002 S 295 90 69 153 110 745 588 326 235
June (p) . . . . . . . . . . . . . . . . . . . . . . . . . . 1,353 980 S 360 121 67 194 111 732 591 306 211
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 5 5 X 15 18 19 13 11 7 7 9 10
Percent Change2
Jun. 2024 from May. 2024 . . . . . . . . . . . 3.0% -2.2% S 22.0% 34.4% -2.9% 26.8% 0.9% -1.7% 0.5% -6.1% -10.2%
3
. 90 percent confidence interval . . . . . . ± 10.5 ± 12.1 X ± 31.7 ± 48.2 ± 45.6 ± 36.8 ± 27.1 ± 13.0 ± 18.2 ± 16.7 ± 15.9
Jun. 2024 from Jun. 2023 . . . . . . . . . . . . -4.4% 5.4% S -23.4% 24.7% 15.5% 16.2% 0.0% -10.0% 5.5% -9.5% 5.0%
. 90 percent confidence interval 3 . . . . . . ± 12.7 ± 13.6 X ± 20.1 ± 64.8 ± 42.7 ± 30.3 ± 25.0 ± 17.5 ± 19.9 ± 16.9 ± 13.9
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 97.9 70.3 1.4 26.1 9.4 4.6 7.2 5.2 57.0 43.8 24.3 16.8
February . . . . . . . . . . . . . . . . . . . . . . . . . . 113.7 82.2 1.2 30.3 7.5 4.7 14.0 7.3 68.2 53.3 24.0 16.8
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109.8 88.8 0.6 20.5 7.6 5.2 11.4 9.9 64.1 54.5 26.7 19.2
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 125.7 96.1 0.6 29.0 9.2 5.7 16.6 13.2 72.7 56.3 27.1 20.9
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 120.2 92.1 1.6 26.6 8.3 6.4 15.6 11.7 66.9 52.7 29.5 21.3
June (p) . . . . . . . . . . . . . . . . . . . . . . . . . . 126.1 92.3 1.1 32.6 11.0 6.1 19.3 11.8 67.1 54.4 28.6 20.0
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 5 5 40 15 18 19 13 11 7 7 9 10
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Average relative standard error for the latest 6-month period
2
Computed using unrounded data
3
See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, July 17, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/nrc/methodology.html>.
New Privately-Owned Housing Units Under Construction at End of Period
(Thousands of Units. Detail may not add to total because of rounding.)
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,670 684 S 969 207 65 209 91 777 351 477 177
February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,657 686 S 954 205 66 206 91 774 353 472 176
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,641 692 S 933 208 67 201 91 774 359 458 175
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,611 681 S 915 207 65 196 92 757 351 451 173
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,587 677 S 895 212 66 187 89 740 348 448 174
June (p) . . . . . . . . . . . . . . . . . . . . . . . . . . 1,563 668 S 880 208 65 178 86 734 344 443 173
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 3 3 X 6 5 10 3 5 4 4 6 6
Percent Change2
Jun. 2024 from May. 2024 . . . . . . . . . . . -1.5% -1.3% S -1.7% -1.9% -1.5% -4.8% -3.4% -0.8% -1.1% -1.1% -0.6%
3
. 90 percent confidence interval . . . . . . ± 1.3 ± 1.6 X ± 1.6 ± 1.5 ± 3.4 ± 3.2 ± 3.9 ± 2.5 ± 3.0 ± 1.5 ± 1.7
Jun. 2024 from Jun. 2023 . . . . . . . . . . . . -7.7% -2.2% S -11.4% -4.1% -1.5% -16.4% -5.5% -8.3% -5.0% -4.3% 5.5%
. 90 percent confidence interval 3 . . . . . . ± 3.9 ± 4.4 X ± 5.2 ± 9.1 ± 10.1 ± 4.6 ± 7.3 ± 6.1 ± 6.7 ± 5.4 ± 9.2
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,647.4 664.6 17.2 965.6 205.6 64.5 206.0 88.1 765.6 340.7 470.3 171.3
February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,635.4 664.2 17.4 953.8 203.6 64.2 200.1 84.9 764.9 344.1 466.8 171.0
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,624.6 673.4 15.9 935.3 207.1 65.7 195.2 85.3 767.3 351.0 455.1 171.4
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,609.1 673.0 15.0 921.1 207.1 64.5 192.4 87.3 757.8 349.0 451.7 172.2
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,592.0 676.9 15.4 899.7 212.0 65.5 187.1 88.4 742.7 348.6 450.1 174.5
June (p) . . . . . . . . . . . . . . . . . . . . . . . . . . 1,575.0 677.3 14.8 882.9 208.6 64.9 178.8 87.1 741.2 350.0 446.3 175.3
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 3 3 16 6 5 10 3 5 4 4 6 6
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Average relative standard error for the latest 6-month period
2
Computed using unrounded data
3
See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, July 17, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/nrc/methodology.html>.
New Privately-Owned Housing Units Completed
(Thousands of Units. Detail may not add to total because of rounding.)
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,504 902 S 583 91 46 239 111 800 549 374 196
February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,698 1,077 S 608 124 68 260 152 957 637 357 220
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,491 939 S 526 88 44 186 126 830 553 387 216
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,659 1,131 S 513 152 99 220 136 937 654 350 242
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,553 1,019 S 520 91 68 212 128 867 605 383 218
June (p) . . . . . . . . . . . . . . . . . . . . . . . . . . 1,710 1,037 S 656 137 66 326 147 887 619 360 205
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 6 6 X 13 17 19 15 15 9 8 11 12
Percent Change2
Jun. 2024 from May. 2024 . . . . . . . . . . . 10.1% 1.8% S 26.2% 50.5% -2.9% 53.8% 14.8% 2.3% 2.3% -6.0% -6.0%
3
. 90 percent confidence interval . . . . . . ± 10.6 ± 10.3 X ± 24.5 ± 43.9 ± 44.8 ± 49.1 ± 32.1 ± 14.1 ± 15.7 ± 19.5 ± 15.5
Jun. 2024 from Jun. 2023 . . . . . . . . . . . . 15.5% 3.2% S 40.2% 3.0% 4.8% 74.3% 15.7% 5.7% 1.6% 12.1% -0.5%
. 90 percent confidence interval 3 . . . . . . ± 12.6 ± 10.4 X ± 33.1 ± 34.3 ± 36.7 ± 43.8 ± 32.0 ± 13.7 ± 14.7 ± 29.2 ± 19.9
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 103.4 61.8 1.3 40.3 6.3 3.2 16.3 7.4 55.3 37.9 25.5 13.2
February . . . . . . . . . . . . . . . . . . . . . . . . . . 124.4 81.6 0.9 41.9 8.4 4.6 18.0 10.6 72.8 50.7 25.2 15.7
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122.5 78.9 2.1 41.5 6.6 3.1 14.2 9.4 71.2 49.3 30.5 16.9
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 132.1 91.0 1.2 39.9 11.0 6.9 17.2 10.6 76.0 54.0 28.0 19.5
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 133.2 85.1 1.2 46.9 7.9 5.8 18.0 10.5 74.0 50.4 33.2 18.4
June (p) . . . . . . . . . . . . . . . . . . . . . . . . . . 150.6 89.8 1.5 59.2 12.7 6.3 29.3 13.1 76.1 51.9 32.4 18.4
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 6 6 46 13 17 19 15 15 9 8 11 12
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Average relative standard error for the latest 6-month period
2
Computed using unrounded data
3
See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, July 17, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/nrc/methodology.html>.