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Single‐family authorizations in May were at a rate of 1,048,000; this is 5.5 percent below the revised April figure of 1,109,000. Authorizations of units in buildings with five units or more were at a rate of 592,000 in May. Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000. This is 14.4 percent (±8.9 percent) below the revised April estimate of 1,810,000 and is 3.5 percent (±10.7 percent) below the May 2021 rate of 1,605,000.

Single‐family housing starts in May were at a rate of 1,051,000; this is 9.2 percent (±11.0 percent) below the revised April figure of 1,157,000. The May rate for units in buildings with five units or more was 469,000. Privately‐owned housing completions in May were at a seasonally adjusted annual rate of 1,465,000. This is 9.1 percent (±22.6 percent) above the revised April estimate of 1,343,000 and is 9.3 percent (±19.0 percent) above the May 2021 rate of 1,340,000.

Single‐family housing completions in May were at a rate of 1,043,000; this is 2.8 percent (±13.6 percent) above the revised April rate of 1,015,000. The May rate for units in buildings with five units or more was 417,000.