The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000, which is 14.4% lower than April’s revised number and 3.5% lower than one year ago. May’s rate for units in buildings with five units or more was 469k. Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,695,000, which is 7% lower than April’s revised number. Authorizations of units in buildings with five units or more were at a rate of 592k in May.
Click here to read the full report at the U.S. Census Bureau.
