Keeping you up to date on the latest data releases.
- Housing Starts and Permits
Single-family housing starts rose for the fourth consecutive month in May, increasing 3.2 percent to a seasonally adjusted annualized rate of 516,000 units. The improvement in May follows an upwardly revised increase of 4.0 percent in April. On a year-over-year basis, new single-family housing starts are up 26.2 percent. Regionally, housing starts ranged from a 5.4 percent decline in the Midwest to a 14.4 percent increase in the West. New single-family units authorized also improved in May, increasing 4.0 percent to 494,000 seasonally-adjusted annualized units. Moreover, compared to May 2011, new single-family housing units authorized are up 19.9 percent.