The U.S. government is reporting that that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,269,000. This figure is 0.9% lower than April’s revised estimate and is 4.7% lower than one year ago. Single‐family housing starts in May were at a rate of 820k, which is 6.4% below April’s revised figure. The May rate for units in buildings with five units or more was 436k. Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,294,000. This figure is 0.3% above April’s revised April rate but is 0.5% lower than one year ago. Single‐family authorizations in May were at a rate of 815k. Authorizations of units in buildings with five units or more were at a rate of 442k.
Click here to read the full report at Census.gov.
