06/18/2026
Housing Starts Plunged in May:
Housing starts fell 15% MoM in May to an annualized rate of 1.2 million units. Within that, multifamily starts collapsed 42% MoM. [NAHB]
Housing starts fell sharply in May, driven by a steep drop in multifamily construction. Meanwhile, single-family buildings also slipped amid high interest rates, rising construction costs and ongoing labor shortages. Overall housing starts decreased 15.4% in May to a seasonally adjusted annual rate....