Monthly New Residential Construction, May 2020
Privately owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,220,000. This is 14.4% (±1.1%) above the revised April rate of 1,066,000, but is 8.8% (±1.0%) below the May 2019 rate of 1,338,000. Single-family authorizations in May were at a rate of 745,000; this is 11.9% (±1.9%) above the revised April figure of 666,000. Authorizations of units in buildings with five units or more were at a rate of 434,000 in May.
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