US Housing Starts

NEW RESIDENTIAL CONSTRUCTION IN MAY 2015
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for May 2015:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,275,000.  This is 11.8 percent (±1.8%) above the revised April rate of 1,140,000 and is 25.4 percent (±2.1%) above the May 2014 estimate of 1,017,000.
Single-family authorizations in May were at a rate of 683,000; this is 2.6 percent (±1.2%) above the revised April figure of 666,000.  Authorizations of units in buildings with five units or more were at a rate of 557,000 in May.
HOUSING STARTS Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,036,000.  This is 11.1 percent (±10.4%) below the revised April estimate of 1,165,000, but is 5.1 percent (±11.2%)* above the May 2014 rate of 986,000.
Single-family housing starts in May were at a rate of 680,000; this is 5.4 percent (±7.0%)* below the revised April figure of 719,000.  The May rate for units in buildings with five units or more was 349,000.
HOUSING COMPLETIONS Privately-owned housing completions in May were at a seasonally adjusted annual rate of 1,034,000.  This is 4.7 percent (±13.8%)* above the revised April estimate of 988,000 and is 14.5 percent (±14.4%) above the May 2014 rate of 903,000.
Single-family housing completions in May were at a rate of 635,000; this is 5.2 percent (±11.4%)* below the revised April rate of 670,000.  The May rate for units in buildings with five units or more was 392,000.
New Residential Construction data for June 2015 will be released on Friday, July 17, 2015, at 8:30 A.M. EDT.