From the Census Bureau: Permits, Starts and Completions
Housing Starts:
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,427,000. This is 19.0 percent above the revised May estimate of 1,199,000 and is 3.5 percent above the June 2025 rate of 1,379,000. Single-family housing starts in June were at a rate of 895,000; this is 0.2 percent below the revised May figure of 897,000. The June rate for units in buildings with five units or more was 513,000.
Building Permits:
Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,367,000. This is 3.0 percent below the revised May rate of 1,410,000 and is 2.3 percent below the June 2025 rate of 1,399,000. Single-family authorizations in June were at a rate of 871,000; this is 2.4 percent below the revised May figure of 892,000. Authorizations of units in buildings with five units or more were at a rate of 445,000 in June.
emphasis added
The first graph shows single and multi-family housing starts since 2000 (including housing bubble).
Multi-family starts (blue, 2+ units) increased sharply month-over-month in June. Multi-family starts were up 17% year-over-year. Single-family starts (red) decreased in June and were down 3.2% year-over-year.
The second graph shows single and multi-family starts since 1968.
Total housing starts in June were above expectations - due to the volatile multi-family sector -and starts for the previous two months were revised up, combined.
The third graph shows the month-to-month comparison for total starts between 2025 (blue) and 2026 (red).
Total starts were up 3.5% in June compared to June 2025.
Year-to-date, total starts are up 0.5% NSA compared to same period in 2025.
Housing Units Under Construction Remains Slightly Elevated
The fourth graph shows housing starts under construction, Seasonally Adjusted (SA).
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