Housing Starts See a Bump in May
Housing starts went up 17.2% in May to an annual rate of 518,000, compared with April, according to the latest figures
from the U.S. Census Bureau and the Department of Housing and Urban Development.
The number is
45.2% below May 2008.
Single-family housing starts in May were at a rate of 401,000, 7.5% above
April. The May rate for units in buildings with five units or more was 124,000.
Housing units
authorized by building permits were at a seasonally adjusted annual rate of 518,000, 4% above April and
47% below May 2008. Single-family authorizations in May were 7.9% above April. Authorizations of units in
buildings with five units or more were at a rate of 92,000 in May.
Privately-owned housing completions in May were
at a seasonally adjusted annual rate of 811,000, 3.3% ...
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Housing starts went up 17.2% in May to an annual rate of 518,000, compared with April, according to the latest figures
from the U.S. Census Bureau and the Department of Housing and Urban Development.
The number
is 45.2% below May 2008.
Single-family housing starts in May were at a rate of 401,000, 7.5%
above April. The May rate for units in buildings with five units or more was 124,000.
Housing
units authorized by building permits were at a seasonally adjusted annual rate of 518,000, 4% above April
and 47% below May 2008. Single-family authorizations in May were 7.9% above April. Authorizations of units in
buildings with five units or more were at a rate of 92,000 in May.
Privately-owned housing completions in May were
at a seasonally adjusted annual rate of 811,000, 3.3% below April and 28.8% below May 2008. Single-family
housing completions in May were 9.4% below April. The May rate for units in buildings with five units
or more was 314,000.
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