{"id":432261,"date":"2026-06-16T19:30:13","date_gmt":"2026-06-16T12:30:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/us-may-housing-starts-1-177-million-versus-1-430-million-estimate\/"},"modified":"2026-06-16T19:30:13","modified_gmt":"2026-06-16T12:30:13","slug":"us-may-housing-starts-1-177-million-versus-1-430-million-estimate","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/us-may-housing-starts-1-177-million-versus-1-430-million-estimate\/","title":{"rendered":"US May housing starts 1.177 million versus 1.430 million estimate"},"content":{"rendered":"<div>\n<ul>\n<li>Prior month housing starts 1.465 million revised lower 21.392 million<\/li>\n<li>Prior month building permits 1.442 million .<\/li>\n<\/ul>\n<p>Data for May: <\/p>\n<ul>\n<li>Housing starts 1.177M vs 1.430 million estimate<\/li>\n<li>Housing starts -15.4% vs -8.5% last month last mont<\/li>\n<li>Building Permits 1.413M vs 1.420M estimate<\/li>\n<li>Building permits -0.7% versus +5.8% last month.<\/li>\n<\/ul>\n<p>Housing starts fall sharply:<\/p>\n<ul data-start=\"36\" data-end=\"384\">\n<li data-section-id=\"e29820\" data-start=\"198\" data-end=\"305\">Single-family housing starts: 882,000 annualized units\n<ul data-start=\"261\" data-end=\"305\">\n<li data-section-id=\"12pazw6\" data-start=\"261\" data-end=\"305\">-1.9% vs. April&#8217;s revised 899,000 pace\n<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"3uusp3\" data-start=\"307\" data-end=\"384\">Multi-family housing starts (5 units or more): 284,000 annualized units.The April rate for units in buildings with five units or more was 529,000.<\/li>\n<\/ul>\n<p>Although single family housing starts fell, the multifamily housing starts plunged from 529,000 to 284,000<\/p>\n<p data-section-id=\"1va804k\" data-start=\"386\" data-end=\"402\">Key Takeaway from the housing starts<\/p>\n<ul data-start=\"403\" data-end=\"765\" data-is-last-node=\"\" data-is-only-node=\"\">\n<li data-section-id=\"10opunr\" data-start=\"403\" data-end=\"505\">\nHousing starts fell sharply in May, driven primarily by weakness in the overall construction sector.\n<\/li>\n<li data-section-id=\"9jo98a\" data-start=\"506\" data-end=\"630\">\nSingle-family construction declined only modestly, while the larger drop came from the more volatile multi-family segment.\n<\/li>\n<li data-section-id=\"1efo44a\" data-start=\"631\" data-end=\"765\" data-is-last-node=\"\">\nThe data points to continued softness in residential construction activity amid higher borrowing costs and affordability challenges.<\/li>\n<\/ul>\n<p>Details of the Building Permits data:<\/p>\n<ul data-start=\"38\" data-end=\"373\">\n<li data-section-id=\"1jh2ugr\" data-start=\"201\" data-end=\"301\">Single-family permits: 886,000 annualized units\n<ul data-start=\"257\" data-end=\"301\">\n<li data-section-id=\"1rytxbr\" data-start=\"257\" data-end=\"301\">+0.6% vs. April&#8217;s revised 881,000 pace\n<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"1mpozmg\" data-start=\"303\" data-end=\"373\">Multi-family permits (5 units or more): 474,000 annualized units. Authorizations of units in buildings with five units or more were at a rate of 514,000 in April.<\/li>\n<\/ul>\n<p data-section-id=\"1va804k\" data-start=\"375\" data-end=\"391\">Key Takeaway from the building permits.<\/p>\n<ul data-start=\"392\" data-end=\"779\" data-is-last-node=\"\" data-is-only-node=\"\">\n<li data-section-id=\"c76w36\" data-start=\"392\" data-end=\"498\">\nBuilding permits were little changed in May, slipping modestly from both the prior month and a year ago.\n<\/li>\n<li data-section-id=\"1btr5lx\" data-start=\"499\" data-end=\"654\">\nSingle-family permits edged higher, suggesting builders remain willing to add new projects despite affordability challenges and elevated financing costs.\n<\/li>\n<li data-section-id=\"1lfyzoh\" data-start=\"655\" data-end=\"779\" data-is-last-node=\"\">\nThe overall softness in permits reflects continued caution in the housing sector, particularly in the multi-family market.<\/li>\n<\/ul>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior month housing starts 1.465 million revised lower 21.392 million Prior month building permits 1.442 million . Data for May: Housing starts 1.177M vs 1.430 million estimate Housing starts -15.4% vs -8.5%&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432261","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432261"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432261\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}