U.S. housing starts in May were at a seasonally adjusted annual rate of 1.28 million, decreasing 5.5% from April and 19.3% lower than the comparable month last year. Single-family starts fell 5.2% to 982,000 in May.
U.S. building permits were at a seasonally adjusted annual rate of 1.39 million, down 3.8% from April and 9.5% from May 2023. Single-family authorizations declined 2.9% from April to 949,000. See U.S. Census Bureau
