Housing starts plunge 5.5% in May as homebuilders act with caution
Construction starts on new housing units dropped 5.5 percent to a seasonally adjusted annual rate of 1,277,000 — 19.3 percent lower than levels in May 2023, according to U.S. Census data released Thursday.
Construction starts on new housing units dropped 5.5 percent to a seasonally adjusted annual rate of 1,277,000 — 19.3 percent lower than levels in May 2023, according to U.S. Census data released Thursday. Construction starts on new housing units dropped 5.5 percent to a seasonally adjusted annual rate of 1,277,000 — 19.3 percent lower than levels in May 2023, according to U.S. Census data released Thursday.
