Housing Starts Decreased to 1.256 million Annual Rate in May

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by Calculated Risk on 6/18/2025 09:11:00 AM

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).

Starts 2024 vs 2025Total 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.



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