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Housing permits stay near cycle lows despite higher June starts

June housing permits for privately owned homes fell 3.0% versus May, while overall starts rose to a 1.427 million annualized rate.

Reported · Written up by our desk · Residential

Housing starts rose in June, but building permits, a key indicator of the forward pipeline, remained near cycle lows, pointing to softer expectations for future construction, according to HousingWire.

Census data cited by HousingWire showed privately owned housing starts in June came in at a seasonally adjusted annual rate of 1,427,000, up 19.0% from the revised May estimate of 1,199,000. The outlet noted the month-to-month swings can reflect volatility and revisions, with June's improvement tied to multifamily activity rather than a broad-based single-family rebound.

HousingWire said single-family starts in June were 895,000, 0.2% below the revised May figure of 897,000, while units in buildings with five units or more totaled 513,000. By contrast, permits for privately owned housing units authorized in June were at a seasonally adjusted annual rate of 1,367,000, down 3.0% from the revised May level and 2.3% below June 2025.

The report also showed single-family authorizations in June fell to 871,000, down 2.4% from the revised May figure, with permits for units in buildings with five units or more at 445,000. HousingWire linked the permits weakness to challenges in getting traction for additional supply without stronger demand and said builder confidence has been more constrained.

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