- Housing Starts In U.S. Fall 4.8% In May (BusinessWeek)
- Housing Starts Plunge, But Permits Surge In Mixed Market (CNBC)
- Housing Starts Slump In May (US News)
Housing Starts Up 26% In Last 12 Months
Sometimes, the housing data headlines tell just half the tale. The stories on May's Housing Starts figures are proving to be a terrific illustration.
Tuesday, the Census Bureau released its monthly Housing Starts report. A "housing start" is a home on which construction has started.
The report is separated by property type with a separate count for single family homes such as detached residences and town homes; for multiple-unit homes such as 2-unit, 3-unit and 4-unit structures; and, for buildings of 5-units of more such as new condominiums.
In May, Housing Starts fell 4.8 percent nationwide. This runs contrary to recent housing market statistics and home builder confidence data, which both have suggested a recovery. The press picked up the story and ran the following headlines :
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