US residential building permits and housing starts decline in May while completions rise

Friday, 16 June 2017 21:03:16 (GMT+3)   |   San Diego
       

The US Census Bureau and the US Department of Housing and Urban Development jointly announced that privately-owned housing units authorized by building permits in May 2017 were at a seasonally adjusted annual rate of 1,168,000.  This is 4.9 percent (±0.9 percent) below the revised April rate of 1,228,000 and is 0.8 percent (±1.1 percent) below the May 2016 rate of 1,178,000. 
 
Single-family authorizations in May were at a rate of 779,000; this is 1.9 percent (±1.0 percent) below the revised April figure of 794,000.  Authorizations of units in buildings with five units or more were at a rate of 358,000 in May.
 
Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,092,000.  This is 5.5 percent (±11.9 percent) below the revised April estimate of 1,156,000 and is 2.4 percent (±11.4 percent) below the May 2016 rate of 1,119,000. 
 
Single-family housing starts in May were at a rate of 794,000; this is 3.9 percent (±10.4 percent) below the revised April figure of 826,000. The May rate for units in buildings with five units or more was 284,000. 
 
Privately-owned housing completions in May were at a seasonally adjusted annual rate of 1,164,000.  This is 5.6 percent (±9.2 percent) above the revised April estimate of 1,102,000 and is 14.6 percent (±10.9 percent) above the May 2016 rate of 1,016,000. 
 
Single-family housing completions in May were at a rate of 817,000; this is 4.9 percent (±11.6 percent) above the revised April rate of 779,000. The May rate for units in buildings with five units or more was 335,000.


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