The U.S. government is reporting that privately‐owned housing starts in May, 2024 were at a seasonally adjusted annual rate of 1,277,000, which is 5.5% lower than April’s revised number and is 19.3% lower than one year ago. May’s rate for units in buildings with five units or more was 278k. Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,386,000, which is 3.8% below April’s revised number and is 9.5% lower than one year ago. Authorizations of units in buildings with five units or more were at a rate of 382 in May.
Click here to read the full report at the U.S. Census Bureau.
Discover more from Real Estate Investing Today
Subscribe to get the latest posts sent to your email.
