Building Permits
Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,393,000. This is 2.0 percent below the revised April rate of 1,422,000 and is 1.0 percent below the May 2024 rate of 1,407,000. Single-family authorizations in May were at a rate of 898,000; this is 2.7 percent below the revised April figure of 923,000. Authorizations of units in buildings with five units or more were at a rate of 444,000 in May.

Housing Starts
Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,256,000. This is 9.8 percent (±9.3 percent) below the revised April estimate of 1,392,000 and is 4.6 percent (±8.3 percent)* below the May 2024 rate of 1,316,000. Single-family housing starts in May were at a rate of 924,000; this is 0.4 percent (±10.9 percent)* above the revised April figure of 920,000. The May rate for units in buildings with five units or more was 316,000.

Housing Completions
Privately-owned housing completions in May were at a seasonally adjusted annual rate of 1,526,000. This is 5.4 percent (±12.0 percent)* above the revised April estimate of 1,448,000, but is 2.2 percent (±11.9 percent)* below the May 2024 rate of 1,561,000. Single-family housing completions in May were at a rate of 1,027,000; this is 8.1 percent (±12.1 percent)* above the revised April rate of 950,000. The May rate for units in buildings with five units or more was 487,000.