The U.S. Census Bureau has reported a slight drop in building permits in June, to a seasonally adjusted annual rate of 911,000. This is 7.5 percent below the May rate of 985,000, but is 16.1 percent above the June 2012 estimate of 785,000. That marks the 22nd consecutive month with a year-over-year increase.
Housing starts in June stood at a seasonally adjusted annual rate of 836,000, which is 9.9 percent below the May estimate of 928,000, but 10.4 percent above the June 2012 rate.
Read the entire Census Bureau press release about building permits and starts here.