May Housing Starts & Building Permits Back Over 700K Annual Rate

Posted on June 19, 2012

Building permits authorized in May were a seasonally adjusted annual rate of 780,000 while housing starts registered 708,000. Both building permits and housing starts are off their historic lows. However, we are a long way from the long-run average.

Building Permits & Housing Starts January 2000 - May 2012

Source: The Mays Report

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