Housing Starts & Permits Rebound in May

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The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 974k, which is 4.3% higher than April’s revised number.  May’s rate for units in buildings with five units or more was 291k.  Privately‐owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,220,000, which was 14.4% higher than April’s revised number.  Authorizations of units in buildings with five units or more were at a rate of 434k in April.

Click here to read the full report at the U.S. Census Bureau.

 

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Director of Education & Outreach, National Real Estate Investors Association

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