May Housing Starts: All-Time Record Housing Units Under Construction

Housing Starts Decreased to 1.549 million Annual Rate in May

From the Census Bureau: Permits, Starts and Completions

Housing Starts:

Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000. This is 14.4 percent below the revised April estimate of 1,810,000 and is 3.5 percent below the May 2021 rate of 1,605,000. Single‐family housing starts in May were at a rate of 1,051,000; th…