May Housing Starts Rose 21.7% from April, Up 5.7% YOY
Washington, DC, June 20, 2023- Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,631,000, 21.7% above the revised April estimate of 1,340,000 and is 5.7% above the May 2022 rate of 1,543,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.