Close

June Housing Starts 1174 vs 1106K Expected, Permits 1343 vs 1150K

July 17, 2015 8:30 AM EDT

June Housing Starts 1174 vs 1106K Expected, Permits 1343 vs 1150K

UPDATE - More from the U.S. Census:

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for June 2015:

BUILDING PERMITS

Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,343,000. (The Street was at 1,150,000.) This is 7.4 percent (±1.2%) above the revised May rate of 1,250,000 and is 30.0 percent (±2.3%) above the June 2014 estimate of 1,033,000.

Single-family authorizations in June were at a rate of 687,000; this is 0.9 percent (±1.1%)* above the revised May figure of 681,000. Authorizations of units in buildings with five units or more were at a rate of 621,000 in June.

HOUSING STARTS

Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,174,000. (Consensus estimates called for 1,106,000.) This is 9.8 percent (±19.9%)* above the revised May estimate of 1,069,000 and is 26.6 percent (±19.6%) above the June 2014 rate of 927,000.

Single-family housing starts in June were at a rate of 685,000; this is 0.9 percent (±11.5%)* below the revised May figure of 691,000. The June rate for units in buildings with five units or more was 476,000.

HOUSING COMPLETIONS

Privately-owned housing completions in June were at a seasonally adjusted annual rate of 972,000. This is 6.7 percent (±11.8%)* below the revised May estimate of 1,042,000, but is 22.0 percent (±14.8%) above the June 2014 rate of 797,000.

Single-family housing completions in June were at a rate of 647,000; this is 0.3 percent (±9.3%)* below the revised May rate of 649,000. The June rate for units in buildings with five units or more was 317,000.

Following results, traders are watching:

D.R. Horton, Inc. (NYSE: DHI)
Pulte Group (NYSE: PHM)
KB Home (NYSE: KBH)
Lennar Corp. Cl A (NYSE: LEN)
Hovnanian Enterprises Inc. Cl A (NYSE: HOV)
Standard Pacific Corp. (NYSE: SPF)
Toll Brothers, Inc. (NYSE: TOL)
Ryland Group, Inc. (NYSE: RYL)
Meritage Homes Corp. (NYSE: MTH)
Beazer Homes USA, Inc. (NYSE: BZH)
SPDR S&P Homebuilders ETF (NYSE: XHB)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

ETFs, Economic Data

Related Entities

Standard & Poor's, Housing Starts