Today, in the Calculated Risk Real Estate Newsletter:
Housing Starts Decreased to 1.256 million Annual Rate in May
A brief excerpt:
Total housing starts in May were below expectations; however, starts in March and April were revised up, combined.
The third graph shows the month-to-month comparison for total starts between 2024 (blue) and 2025 (red).
Total starts were down 4.6% in May compared to May 2024. Year-to-date (YTD) starts are down 1.5% compared to the same period in 2024. Single family starts are down 7.1% YTD and multi-family up 14.5% YTD.
There is much more in the article.
