Boston Real Estate Investors Association

Housing construction activity saw an increase in June as both housing starts and building permits rose.

census bureau logoThe U.S. government is reporting that privately‐owned housing starts in June, 2024 were at a seasonally adjusted annual rate of 1,353,000, which is 3% higher than May’s revised number but is 4.4% lower than one year ago. June’s rate for units in buildings with five units or more was 360k. Privately‐owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,446,000, which is 3.4% higher than May’s revised number and 3.1% lower than one year ago. Authorizations of units in buildings with five units or more were at a rate of 460k in June.

Click here to read the full report at the U.S. Census Bureau.

 

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