Housing starts in the U.S. were at 1.20 million on a rolling annual basis through May. Starts totaled 0.60 million in the South census region, 0.31 million in the West, 0.18 million in the Midwest, and 0.11 million in the Northeast.

Single-family starts totaled 0.81 million and multi-unit starts were 0.39 million, bringing the single-family share of the total to 67.5%.

Housing starts are increasing at the fastest relative pace in the West, up 15.2% year over year.