New Residential Construction (Graph)

Housing Starts



HOUSING STARTS

• Privately-owned housing starts in May were at a seasonally adjusted annual rate of 532,000.
• This is 17.2 percent above the revised April estimate of 454,000, but is 45.2 percent below the May 2008 rate of 971,000.
• Single-family housing starts in May were at a rate of 401,000; this is 7.5 percent above the revised April figure of 373,000.
• The May rate for units in buildings with five units or more was 124,000.

HOUSING COMPLETIONS

• Privately-owned housing completions in May were at a seasonally adjusted annual rate of 811,000.
• This is 3.3 percent below the revised April estimate of 839,000 and is 28.8 percent below the May 2008 rate of 1,139,000.
• Single-family housing completions in May were at a rate of 491,000; this is 9.4 percent below the revised April figure of 542,000.
• The May rate for units in buildings with five units or more was 314,000.

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