Housing Starts Increase To SAAR Of 914k

The U.S. Census Bureau reports that privately-owned housing starts in May were at a seasonally adjusted annual rate of 914k. This is 6.8% above the revised April estimate of 856k and is 28.6% above the May 2012 rate of 711k.

Single-family housing starts in May were at a rate of 599k; this is 0.3% above the revised April figure of 597k. The May rate for units in buildings with five units or more was 306,000.

Housing Starts April 2013 600x375 Housing Starts Increase To SAAR Of 914k

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