The U.S. government is reporting that privately‐owned housing starts in May, 2025 were at a seasonally adjusted annual rate of 1,256,000, which is 9.8% lower than April’s revised number but and is 4.6% lower than one year ago. May’s rate for buildings with five units or more was 316k. Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,422,000, which is 2% below than April’s revised number and is 1% lower than one year ago. Authorizations of units in buildings with five units or more were at a rate of 444k in May.
Click here to read the full report at the U.S. Census Bureau.
