The U.S. Government is reporting that privately owned housing starts in May were at a seasonally adjusted annual rate of 1,350,000. This figure is 5% higher than April’s revised estimate and is 20% higher than May, 2017. Single-family housing starts in May were at a rate of 936k, which is 3.9% higher than April. May’s rate for units in buildings with five units or more was 404k. Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,301,000. This number is is 4.6% lower than April’s revised rate but is 8% higher than one year ago. Single-family authorizations in May were at a rate of 844k, which is 2.2% below April’s revised figure. Authorizations of units in buildings with five units or more were at a rate of 421k in May.