Privately owned housing starts in May were at a seasonally adjusted annual rate of 1,277,000, 5.5% below April and 19.3% below May 2023, according to the U.S. Census Bureau.
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Single‐family housing starts in May were 5.2% below April. The May rate for units in buildings with five units or more was 278,000.
Privately owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,386,000, 3.8% below April and 9.5% below May 2023. Single‐family authorizations in May were 2.9% below April. Authorizations of units in buildings with five units or more were at a rate of 382,000 in May.
Privately owned housing completions in May were 8.4% below April, but 1% above May 2023. Single‐family housing completions in May were 8.5% below April. The May rate for units in buildings with five units or more was 479,000.
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