June housing starts printed up 9.1% to 1.066 million units and building permits were up 11.6% to 1.091 million, but the Commerce Department says this reflects new construction codes in New York City that began July 1 and which resulted in a surge in multifamily activity. The far more significant single-family starts fell 5.3% to 647,000, and single-family permits dropped 3.5% to 613,000.

Excluding the Northeast multifamily data, starts were off 4% and permits rose 0.7%. Detailed data will be released July 25 but the Commerce Department said there were 12,000 unadjusted new multifamily permits in the Northeast in June that translated into a 107,000 rise after seasonal adjustment.

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