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Past Release · Housing Starts

June 2023 Housing Starts Report

Thursday, June 1, 2023

Housing Starts printed at 1,421, a -10.29% move from the prior reading of 1,584.

Headline Reading
Housing Starts
1,421
Jun 1
Prior
1,584
Absolute
163
Percent
-10.29%

What to Watch For

  • Housing starts annualized rate
  • Building permits, leading indicator
  • Single-family vs multi-family split
  • Regional distribution
  • Mortgage rate context

Expected Market Reaction

Weak starts with falling permits: homebuilders down, rates down (transmission signal). Strong starts: homebuilders up, copper/lumber up.

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