Housing Starts in May Up 6.8% Over April

Privately-owned housing completions in May were a little softer at 0.9 percent below the revised April estimate.

Privately-owned housing starts in May were at a seasonally adjusted annual rate of 914,000. This is 6.8 percent above the revised April estimate of 856,000 and is 28.6 percent above the May 2012 rate of 711,000. Single-family housing starts in May were at a rate of 599,000, which is 0.3 percent above the revised April figure of 597,000, but multifamily production bounced back from an April slump with a 21.6 percent gain to 315,000 units. The May rate for units in buildings with five

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