The 2020 Mid-Year Economic Update_long

Housing Starts Down From April

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for May 2007:
&nbsp ;
Building Permits
Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,501,000. This is 3% above the revised April rate of 1,457,000, but is 21.7% below the revised May 2006 estimate of 1,918,000.
&nbsp ;
Single-family authorizations in May were at a rate of 1,056,000; this is 1.8% below the April figure of 1,075,000. Authorizations of units in buildings with five units or more were at a rate of 379,000 in May.
&nbsp ;
Housing Starts
Privately-owned housing starts in May were at a seasonally adjusted annual rate of ...

-14.3%

-33.4%

-25.8%

-28.3%

Permits

-18.3%

-27.7%

-25.9%

-26.7%

&nbsp ;
Housing Completions
Privately-owned housing completions in May were at a seasonally adjusted annual rate of 1,534,000. This is 0.5 percent below the revised April estimate of 1,542,000 and is 19.3 percent below the revised May 2006 rate of 1,901,000.
&nbsp ;
Single-family housing completions in May were at a rate of 1,302,000; this is 1.5 percent above the April figure of 1,283,000. The May rate for units in buildings with five units or more was 196000.The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for May 2007:
&nbsp ;
Building Permits
Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,501,000. This is 3% above the revised April rate of 1,457,000, but is 21.7% below the revised May 2006 estimate of 1,918,000.
&nbsp ;
Single-family authorizations in May were at a rate of 1,056,000; this is 1.8% below the April figure of 1,075,000. Authorizations of units in buildings with five units or more were at a rate of 379,000 in May.
&nbsp ;
Housing Starts
Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,474,000. This is 2.1% below the revised April estimate of 1,506,000 and is 24.2% below the revised May 2006 rate of 1,944,000.
&nbsp ;
Single-family housing starts in May were at a rate of 1,170,000; this is 3.4 percent below the April figure of 1,211,000. The May rate for units in buildings with five units or more was 271,000.
&nbsp ;
Year-to-Date Percent Change (through May 2007)

&nbsp ; Northeast Midwest South West
Housing Starts

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