May housing starts and completions rise in US year-on-year while permits dip slightly

Wednesday, 18 June 2014 22:35:32 (GMT+3)   |   San Diego
       

The US Census Bureau and the Department of Housing and Urban Development announced Tuesday that privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 991,000. This is 6.4 percent (±0.8 percent) below the revised April rate of 1,059,000 and is 1.9 percent (±1.4 percent) below the May 2013 estimate of 1,010,000. Single-family authorizations in May were at a rate of 619,000; this is 3.7 percent (±1.2 percent) above the revised April figure of 597,000. Authorizations of units in buildings with five units or more were at a rate of 347,000 in May.

Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,001,000. This is 6.5 percent (±10.2 percent) below the revised April estimate of 1,071,000, but is 9.4 percent (±11.0 percent) above the May 2013 rate of 915,000. Single-family housing starts in May were at a rate of 625,000; this is 5.9 percent (±12.7 percent) below the revised April figure of 664,000. The May rate for units in buildings with five units or more was 366,000.


Similar articles

US new home sales down 0.3 percent in February

25 Mar | Steel News

US residential building permits, housing starts and completions all rise in February

19 Mar | Steel News

US construction sector adds 23,000 jobs in February

08 Mar | Steel News

US construction spending down 0.2 percent in January

01 Mar | Steel News

US new home sales up 1.5 percent in January

26 Feb | Steel News

US residential building permits, housing starts and completions all decline in January

16 Feb | Steel News

US construction employment adds 11,000 jobs in January

05 Feb | Steel News

US construction spending up 0.9 percent in December

01 Feb | Steel News

US new home sales up 8 percent in December

25 Jan | Steel News

US residential building permits and housing completions rise in December

18 Jan | Steel News