The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,572,000, which is 3.6% higher than April’s revised number. However, this figure is 50.3% higher than one year ago. May’s rate for units in buildings with five units or more was 465k. Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,681,000, which was 3% lower than April’s revised number. Authorizations of units in buildings with five units or more were at a rate of 494k in May.
Click here to read the full report at the U.S. Census Bureau.
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