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 percent above the revised April rate of 1,066,000 but is 8.8 percent 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 percent 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.

Privately owned housing starts in May were at a seasonally adjusted annual rate of 974,000. This is 4.3 percent above the revised April estimate of 934,000 but is 23.2 percent below the May 2019 rate of 1,268,000. Single-family housing starts in May were at a rate of 675,000; this is 0.1 percent above the revised April figure of 674,000. The May rate for units in buildings with five units or more was 291,000.

Privately owned housing completions in May were at a seasonally adjusted annual rate of 1,115,000. This is 7.3 percent below the revised April estimate of 1,203,000 and is 9.3 percent below the May 2019 rate of 1,230,000. Single-family housing completions in May were at a rate of 791,000; this is 9.8 percent below the revised April rate of 877,000. The May rate for units in buildings with five units or more was 310,000.