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FOR RELEASE AT 8:30 AM EDT, TUESDAY, JUNE 19, 2018
MONTHLY NEW RESIDENTIAL CONSTRUCTION, MAY 2018 Release Number: CB18-95 June 19, 2018 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for May 2018: New Residential Construction
NEW RESIDENTIAL CONSTRUCTION MAY 2018
(Seasonally Adjusted Annual Rate) Thousands of Units
1,500 1,200
Building Permits:
1,301,000
Housing Starts:
1,350,000
Housing Completions:
1,291,000
900 600 Permits Starts Completions
300
Next Release: July 18, 2018
0 May-13
Seasonally Adjusted Annual Rate Source: U.S. Census Bureau, HUD, June 19, 2018
May-14
May-15
May-16
May-17
May-18
Source: U.S. Census Bureau, HUD, June 19, 2018
Building Permits Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,301,000. This is 4.6 percent (±1.4 percent) below the revised April rate of 1,364,000, but is 8.0 percent (±1.3 percent) above the May 2017 rate of 1,205,000. Single-family authorizations in May were at a rate of 844,000; this is 2.2 percent (±1.0 percent) below the revised April figure of 863,000. Authorizations of units in buildings with five units or more were at a rate of 421,000 in May. Housing Starts Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,350,000. This is 5.0 percent (±10.2 percent)* above the revised April estimate of 1,286,000 and is 20.3 percent (±14.4 percent) above the May 2017 rate of 1,122,000. Single-family housing starts in May were at a rate of 936,000; this is 3.9 percent (±10.6 percent)* above the revised April figure of 901,000. The May rate for units in buildings with five units or more was 404,000. Housing Completions Privately-owned housing completions in May were at a seasonally adjusted annual rate of 1,291,000. This is 1.9 percent (±13.7 percent)* above the revised April estimate of 1,267,000 and is 10.4 percent (±12.1 percent)* above the May 2017 rate of 1,169,000. Single-family housing completions in May were at a rate of 890,000; this is 11.0 percent (±12.7 percent)* above the revised April rate of 802,000. The May rate for units in buildings with five units or more was 389,000.
Data Inquiries Economic Indicators Division, Residential Construction Branch 301‐763‐5160
[email protected]
Media Inquiries Public Information Office 301‐763‐3030
[email protected]
The June report is scheduled for release on July 18, 2018. View the full schedule in the Economic Briefing Room: . The full text and tables for this release can be found at . EXPLANATORY NOTES In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements which may be irregular. It may take three months to establish an underlying trend for building permit authorizations, six months for total starts, and six months for total completions. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimated relative standard errors of the most recent data are shown in the tables. Whenever a statement such as “2.5 percent (±3.2 percent) above” appears in the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percentage change is likely to have occurred. All ranges given for percentage changes are 90 percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero, the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same policies apply to the confidence intervals for percentage changes shown in the tables. On average, the preliminary seasonally adjusted estimates of total building permits, housing starts and housing completions are revised 2.1 percent or less. Explanations of confidence intervals and sampling variability can be found on our website.
API The Census Bureau’s application programming interface lets developers create custom apps to reach new users and makes key demographic, socio-economic and housing statistics more accessible than ever before. FRED Mobile App Receive the latest updates on the nation’s key economic indicators by downloading the FRED App for both Apple and Android devices. FRED, the signature database of the Federal Reserve Bank of St. Louis, now incorporates the Census Bureau’s 13 economic indicators. ### * The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from zero.
Data Inquiries Economic Indicators Division, Residential Construction Branch 301‐763‐5160
[email protected]
Media Inquiries Public Information Office 301‐763‐3030
[email protected]
New Privately‐Owned Housing Units Authorized in Permit‐Issuing Places (Thousands of Units. Detail may not add to total because of rounding.)
Table 1a ‐ Seasonally adjusted annual rate Period Total
United States 2 to 4 5 units 1 unit units or more
Northeast Total
1 unit
Midwest Total
South 1 unit
Total
West 1 unit
Total
1 unit
2017 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .
1,205 1,312 1,258 1,300 1,254 1,343 1,323 1,320
784 813 817 803 831 854 864 877
35 37 42 36 36 35 41 38
386 462 399 461 387 454 418 405
124 105 122 109 120 121 113 144
50 55 54 56 70 51 52 53
178 212 173 189 189 197 187 220
109 120 117 114 123 127 130 133
597 643 638 634 612 647 660 589
439 447 457 432 434 461 469 463
306 352 325 368 333 378 363 367
186 191 189 201 204 215 213 228
2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . Average RSE (%) . . . . . . . . . . . . . . . . . .
1,366 1,323 1,377 1,364 1,301 2
870 886 851 863 844 2
45 46 40 41 36 5
451 391 486 460 421 1
115 145 135 95 135 2
48 63 51 51 57 4
176 192 203 195 209 3
124 127 119 123 121 4
697 617 652 727 626 2
470 471 456 479 463 2
378 369 387 347 331 2
228 225 225 210 203 3
‐4.6% ± 1.4 8.0% ± 1.3
‐2.2% ± 1.0 7.7% ± 1.3
‐12.2% ± 9.6 2.9% ± 10.3
‐8.5% ± 4.2 9.1% ± 3.5
42.1% ± 6.8 8.9% ± 4.2
11.8% ± 9.1 14.0% ± 7.5
7.2% ± 8.4 17.4% ± 7.0
‐1.6% ± 5.1 11.0% ± 3.8
‐13.9% ± 1.3 4.9% ± 1.1
‐3.3% ± 1.7 5.5% ± 1.8
‐4.6% ± 1.6 8.2% ± 1.1
‐3.3% ± 2.4 9.1% ± 1.7
2
Percent Change May. 2018 from Apr. 2018 . . . . . . . . . . . 3 . 90 percent confidence interval . . . . . . May. 2018 from May. 2017 . . . . . . . . . . 3 . 90 percent confidence interval . . . . . .
Table 1b ‐ Not seasonally adjusted Period Total
United States 2 to 4 5 units 1 unit units or more
Northeast Total
1 unit
Midwest Total
South 1 unit
Total
West 1 unit
Total
1 unit
2016 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,206.6 750.8 34.8 421.1 116.4 54.3 186.1 112.4 594.5 406.0 309.6 178.1 2017 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,282.0 820.0 37.2 424.8 123.6 54.2 195.1 121.5 626.9 447.6 336.4 196.7 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . X X X X X X X X X X X X 2017 Year to date . . . . . . . . . . . . . . . . . . . 505.7 335.0 13.7 157.0 48.9 21.4 73.4 47.4 255.8 187.9 127.6 78.3 2018 Year to date . . . . . . . . . . . . . . . . . . . 550.6 363.7 16.1 170.8 48.2 21.0 74.8 48.3 280.8 202.9 146.8 91.5 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 4 1 2 3 3 4 1 2 2 3 Year to date percent change² . . . . . . . . . 3 . 90 percent confidence interval . . . . . .
8.9% ± 0.9
8.6% ± 0.9
17.5% ± 8.6
8.8% ± 1.6
‐1.4% ± 2.1
‐1.9% ± 3.5
1.9% ± 2.8
1.9% ± 1.9
9.8% ± 0.6
8.0% ± 0.4
15.1% ± 2.7
16.9% ± 4.2
2017 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .
115.3 130.8 102.9 122.1 103.3 116.3 98.8 94.8
78.4 81.8 69.2 76.6 66.6 71.0 62.0 56.5
3.1 3.8 3.3 3.5 3.2 3.1 3.2 2.8
33.8 45.2 30.4 42.0 33.5 42.3 33.6 35.5
11.9 11.0 10.6 10.0 10.8 10.3 9.1 11.7
5.0 5.6 4.8 5.3 6.2 4.6 4.2 3.5
18.2 21.7 14.9 19.2 18.0 19.8 14.5 13.0
11.9 12.7 10.5 11.8 11.0 12.0 9.6 7.0
56.0 61.6 51.6 58.8 47.6 55.1 47.6 42.6
42.5 43.2 37.8 40.5 33.8 37.0 33.2 30.7
29.2 36.6 25.7 34.0 26.9 31.1 27.5 27.4
18.9 20.3 16.1 18.9 15.7 17.3 15.0 15.4
2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Average RSE (%) 1 . . . . . . . . . . . . . . . . . .
96.7 92.1 117.6 119.9 124.9 2
61.8 62.2 75.8 79.1 84.4 2
3.2 3.2 3.3 3.3 3.2 5
31.7 26.7 38.4 37.4 37.3 1
7.5 8.2 10.5 7.8 13.6 2
3.0 3.4 4.2 4.6 5.8 4
9.2 9.7 15.9 18.2 21.6 3
6.0 6.9 10.1 11.9 13.2 4
53.7 47.7 57.3 64.0 58.5 2
36.9 35.9 41.7 43.4 44.8 2
26.3 26.4 33.9 29.9 31.3 2
15.9 15.9 19.8 19.2 20.6 3
p Preliminary r Revised S Does not meet publication standards because tests for identifiable and stable seasonalilty do not meet reliability standards X Not applicable 1
Average relative standard error for the latest 6‐month period Computed using unrounded data 3 If the 90 percent confidence interval includes zero, there is insufficient evidence to conclude that the actual change is different from zero Note: Year‐to‐date permits estimates reflect revisions not distrubuted to months. 2
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, June 19, 2018. Additional information on the survey methodology may be found at .
New Privately‐Owned Housing Units Authorized, but Not Started, at End of Period (Thousands of Units. Detail may not add to total because of rounding.)
Table 2a ‐ Seasonally adjusted Period Total
United States 2 to 4 5 units 1 unit units or more
Northeast Total
1 unit
Midwest Total
South 1 unit
Total
West 1 unit
Total
1 unit
2017 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .
147 145 142 149 150 154 152 159
80 78 79 78 77 81 80 87
S S S S S S S S
66 65 61 69 71 71 70 70
17 13 13 13 14 12 12 15
6 6 5 5 5 5 5 6
21 20 20 20 18 19 20 23
9 9 9 10 9 9 9 10
72 74 71 74 77 77 76 76
46 44 45 43 44 46 45 49
37 38 38 42 41 46 44 45
19 19 20 20 19 21 21 22
2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March (r) . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . Average RSE (%) . . . . . . . . . . . . . . . . . .
163 160 160 161 159 6
90 89 89 89 89 6
S S S S S X
70 69 68 70 68 10
14 13 14 11 13 17
6 6 7 6 7 22
23 23 22 26 23 14
10 11 10 12 11 16
80 79 81 84 82 8
51 50 51 50 49 7
46 45 43 40 41 11
23 22 21 21 22 15
‐1.2% ± 4.3 8.2% ± 8.6
0.0% ± 6.5 11.3% ± 9.2
S X S X
‐2.9% ± 5.3 3.0% ± 14.7
18.2% ± 20.1 ‐23.5% ± 30.1
16.7% ± 18.0 16.7% ± 42.7
‐11.5% ± 10.6 9.5% ± 19.9
‐8.3% ± 17.8 22.2% ± 37.4
‐2.4% ± 6.3 13.9% ± 10.3
‐2.0% ± 8.6 6.5% ± 10.6
2.5% ± 5.5 10.8% ± 16.0
4.8% ± 8.6 15.8% ± 15.1
2
Percent Change May. 2018 from Apr. 2018 . . . . . . . . . . . 3 . 90 percent confidence interval . . . . . . May. 2018 from May. 2017 . . . . . . . . . . 3 . 90 percent confidence interval . . . . . .
Table 2b ‐ Not seasonally adjusted Period Total
United States 2 to 4 5 units 1 unit units or more
Northeast Total
1 unit
Midwest Total
West
South 1 unit
Total
1 unit
Total
1 unit
2017 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .
151.3 155.9 140.6 153.1 151.3 149.5 144.3 153.4
83.6 85.3 77.8 81.0 78.4 78.0 75.4 80.1
1.2 2.2 2.3 2.5 1.9 1.9 1.8 1.9
66.4 68.4 60.4 69.6 71.0 69.5 67.0 71.4
18.1 13.9 12.7 12.7 14.0 11.0 10.9 15.2
6.6 6.7 5.4 5.3 5.2 4.8 4.8 5.2
21.4 20.3 18.9 20.3 19.7 19.6 19.0 20.1
9.5 9.9 8.9 10.5 10.1 8.8 7.9 8.0
72.1 78.9 72.2 78.2 78.8 75.6 72.1 73.8
47.1 47.3 44.5 44.7 44.8 44.1 43.2 45.9
39.6 42.7 36.8 41.9 38.9 43.3 42.3 44.2
20.5 21.4 19.0 20.5 18.3 20.2 19.6 21.0
2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March (r) . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . Average RSE (%) . . . . . . . . . . . . . . . . . .
157.5 157.9 164.9 163.7 165.0 6
85.8 86.9 93.9 91.3 94.6 6
2.9 2.4 2.8 1.9 2.0 24
68.7 68.6 68.1 70.5 68.4 10
13.6 13.6 14.0 11.2 14.1 17
5.6 6.5 7.0 6.6 7.1 22
21.5 22.9 24.7 26.0 24.0 14
8.5 10.3 11.8 13.3 12.5 16
77.9 78.0 82.0 83.9 83.2 8
48.9 48.8 53.9 50.3 51.4 7
44.4 43.4 44.2 42.5 43.8 11
22.8 21.3 21.2 21.1 23.6 15
p Preliminary r Revised S Does not meet publication standards because tests for identifiable and stable seasonalilty do not meet reliability standards X Not applicable 1
Average relative standard error for the latest 6‐month period Computed using unrounded data 3 See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals Note: These data represent the number of housing units authorized in all months up to and including the last day of the reporting period and not started as of that date without regard to the months of original permit issuance. Cancelled, abandoned, expired, and revoked permits are excluded. 2
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, June 19, 2018. Additional information on the survey methodology may be found at .
New Privately‐Owned Housing Units Started (Thousands of Units. Detail may not add to total because of rounding.)
Table 3a ‐ Seasonally adjusted annual rate Period Total
United States 2 to 4 5 units 1 unit units or more
Northeast Total
Midwest
1 unit
Total
South 1 unit
Total
West 1 unit
Total
1 unit
2017 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .
1,122 1,225 1,185 1,172 1,158 1,265 1,303 1,210
791 860 839 878 831 888 948 847
S S S S S S S S
317 359 335 286 310 359 347 359
85 160 119 107 101 145 93 88
55 63 68 68 75 64 62 49
164 204 161 170 186 200 178 170
139 135 116 117 126 144 138 124
559 530 611 586 543 617 678 594
407 452 462 482 410 475 515 443
314 331 294 309 328 303 354 358
190 210 193 211 220 205 233 231
2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March (r) . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . Average RSE (%) . . . . . . . . . . . . . . . . . .
1,334 1,290 1,327 1,286 1,350 5
886 900 882 901 936 4
S S S S S X
435 372 431 363 404 14
116 132 120 120 102 18
62 65 61 59 65 15
145 154 182 164 266 13
122 109 140 108 156 10
684 615 630 659 653 7
474 476 440 517 499 6
389 389 395 343 329 9
228 250 241 217 216 8
5.0% ± 10.2 20.3% ± 14.4
3.9% ± 10.6 18.3% ± 13.7
S X S X
11.3% ± 26.4 27.4% ± 36.7
‐15.0% ± 33.0 20.0% ± 35.8
10.2% ± 31.1 18.2% ± 33.4
62.2% ± 28.1 62.2% ± 42.9
44.4% ± 22.9 12.2% ± 30.4
‐0.9% ± 14.4 16.8% ± 20.3
‐3.5% ± 14.2 22.6% ± 20.4
‐4.1% ± 19.0 4.8% ± 18.0
‐0.5% ± 18.7 13.7% ± 12.0
2
Percent Change May. 2018 from Apr. 2018 . . . . . . . . . . . 3 . 90 percent confidence interval . . . . . . May. 2018 from May. 2017 . . . . . . . . . . 3 . 90 percent confidence interval . . . . . .
Table 3b ‐ Not seasonally adjusted Period Total
United States 2 to 4 5 units 1 unit units or more
Northeast Total
Midwest
1 unit
Total
South 1 unit
Total
West 1 unit
Total
1 unit
2016 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,173.8 781.5 11.5 380.8 116.1 60.1 182.3 120.9 584.6 421.1 290.9 179.4 2017 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,203.0 848.9 11.4 342.7 111.4 62.0 179.6 130.2 598.7 453.0 313.2 203.8 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 19 6 4 3 3 2 2 2 3 2 2017 Year to date . . . . . . . . . . . . . . . . . . . 478.5 335.2 4.9 138.4 39.0 21.5 65.1 48.1 252.9 186.9 121.4 78.7 2018 Year to date . . . . . . . . . . . . . . . . . . . 531.0 368.2 6.0 156.9 44.9 23.3 69.9 47.4 267.7 202.8 148.6 94.8 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 29 7 6 5 6 5 3 3 4 3 Year to date percent change² . . . . . . . . . 3 . 90 percent confidence interval . . . . . .
11.0% ± 4.9
9.8% ± 3.9
23.1% ± 50.0
13.3% ± 13.2
15.1% ± 16.7
8.1% ± 13.7
7.3% ± 16.4
‐1.5% ± 8.8
5.8% ± 5.6
8.5% ± 4.8
22.4% ± 9.4
20.4% ± 7.2
2017 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .
106.0 116.3 112.3 102.6 104.4 109.6 97.9 81.4
76.9 83.8 79.4 78.1 72.5 75.7 69.1 55.1
1.2 0.5 1.1 0.7 1.6 1.6 0.7 0.3
28.0 31.9 31.9 23.8 30.2 32.3 28.1 26.1
7.9 14.8 11.5 9.6 9.3 13.5 7.5 6.2
5.2 6.1 6.7 6.3 6.8 6.2 5.0 3.4
16.8 20.6 16.1 15.4 18.2 19.4 14.6 10.1
14.6 14.5 11.8 11.0 12.4 14.4 11.3 6.8
52.5 49.5 56.3 50.6 47.9 51.7 49.3 40.4
39.1 42.6 42.1 41.9 35.0 39.0 36.1 29.4
28.9 31.4 28.4 27.0 28.8 25.0 26.5 24.7
18.0 20.6 18.8 18.9 18.3 16.2 16.7 15.5
2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March (r) . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Average RSE (%) 1 . . . . . . . . . . . . . . . . . .
91.6 89.7 107.2 117.6 124.9 5
59.9 62.4 72.5 85.1 88.3 4
0.9 1.2 1.1 1.8 0.9 50
30.8 26.1 33.5 30.7 35.7 14
7.5 8.1 9.2 10.7 9.5 18
3.6 3.4 4.6 5.5 6.2 15
7.2 8.1 12.9 15.3 26.4 13
5.5 5.0 9.6 10.6 16.7 10
50.8 45.6 52.4 60.3 58.6 7
36.0 35.9 37.6 48.3 45.0 6
26.1 27.9 32.7 31.4 30.4 9
14.8 18.1 20.8 20.7 20.4 8
p Preliminary r Revised S Does not meet publication standards because tests for identifiable and stable seasonalilty do not meet reliability standards X Not applicable 1
Average relative standard error for the latest 6‐month period Computed using unrounded data 3 See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals 2
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, June 19, 2018. Additional information on the survey methodology may be found at .
New Privately‐Owned Housing Units Under Construction at End of Period (Thousands of Units. Detail may not add to total because of rounding.)
Table 4a ‐ Seasonally adjusted Period Total
United States 2 to 4 5 units 1 unit units or more
Northeast Total
Midwest
1 unit
Total
South 1 unit
Total
West 1 unit
Total
1 unit
2017 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .
1,070 1,069 1,071 1,081 1,089 1,097 1,104 1,105
460 462 463 473 478 486 494 497
S S S S S S S S
600 598 599 598 601 599 599 598
184 185 186 187 189 192 188 185
51 51 50 51 53 53 53 52
154 153 153 153 152 154 154 154
76 77 78 78 78 80 81 82
443 441 441 448 445 444 445 445
220 221 221 227 226 230 231 230
289 290 291 293 303 307 317 321
113 113 114 117 121 123 129 133
2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March (r) . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . Average RSE (%) . . . . . . . . . . . . . . . . . .
1,117 1,119 1,125 1,125 1,127 3
502 503 508 514 515 3
S S S S S X
604 605 606 599 600 6
189 189 185 184 185 7
53 52 53 53 54 5
152 152 156 151 155 5
82 80 83 82 82 5
452 451 450 455 450 4
233 234 231 240 239 4
324 327 334 335 337 5
134 137 141 139 140 5
0.2% ± 1.0 5.3% ± 2.6
0.2% ± 1.7 12.0% ± 3.9
S X S X
0.2% ± 1.4 0.0% ± 4.6
0.5% ± 1.9 0.5% ± 9.0
1.9% ± 3.2 5.9% ± 6.3
2.6% ± 3.3 0.6% ± 7.4
0.0% ± 4.1 7.9% ± 11.3
‐1.1% ± 1.8 1.6% ± 3.8
‐0.4% ± 2.6 8.6% ± 6.6
0.6% ± 1.2 16.6% ± 3.8
0.7% ± 1.8 23.9% ± 5.1
2
Percent Change May. 2018 from Apr. 2018 . . . . . . . . . . . 3 . 90 percent confidence interval . . . . . . May. 2018 from May. 2017 . . . . . . . . . . 3 . 90 percent confidence interval . . . . . .
Table 4b ‐ Not seasonally adjusted Period Total
United States 2 to 4 5 units 1 unit units or more
Northeast Total
Midwest
1 unit
Total
South 1 unit
Total
West 1 unit
Total
1 unit
2017 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .
1,077.5 1,083.4 1,092.6 1,095.9 1,106.4 1,110.3 1,113.2 1,080.5
461.4 473.5 482.8 493.8 498.1 500.0 500.6 476.5
10.0 8.9 9.1 9.5 10.3 11.5 11.3 10.4
606.1 601.0 600.7 592.6 598.0 598.8 601.2 593.7
185.4 185.8 187.5 186.7 189.2 193.5 190.1 184.6
50.7 51.0 51.4 52.3 54.0 54.5 54.6 52.1
153.9 155.6 156.3 155.5 156.8 158.4 158.3 151.8
75.2 79.0 81.4 81.2 82.6 84.3 85.4 80.6
447.2 448.0 451.7 456.2 453.4 449.1 447.3 431.0
221.7 227.1 230.3 237.3 235.5 235.6 232.2 217.5
291.1 294.0 297.1 297.6 306.9 309.3 317.6 313.1
113.8 116.5 119.7 122.9 125.9 125.6 128.5 126.3
2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March (r) . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . Average RSE (%) . . . . . . . . . . . . . . . . . .
1,088.5 1,090.7 1,102.4 1,120.3 1,135.3 3
476.2 477.5 486.6 506.5 518.0 3
10.5 11.2 11.3 12.0 11.9 17
601.9 602.0 604.5 601.8 605.4 6
186.8 186.2 182.5 183.7 185.7 7
51.4 50.3 50.9 52.4 53.5 5
146.6 146.6 150.6 147.5 155.5 5
77.3 74.7 77.4 77.8 82.0 5
438.9 439.0 441.6 454.3 454.5 4
220.8 223.0 223.2 238.2 241.3 4
316.3 318.9 327.6 334.8 339.5 5
126.7 129.5 135.2 138.1 141.2 5
p Preliminary r Revised S Does not meet publication standards because tests for identifiable and stable seasonalilty do not meet reliability standards X Not applicable 1
Average relative standard error for the latest 6‐month period Computed using unrounded data 3 See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals 2
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, June 19, 2018. Additional information on the survey methodology may be found at .
New Privately‐Owned Housing Units Completed (Thousands of Units. Detail may not add to total because of rounding.)
Table 5a ‐ Seasonally adjusted annual rate Period Total
United States 2 to 4 5 units 1 unit units or more
Northeast Total
Midwest
1 unit
Total
South 1 unit
Total
West 1 unit
Total
1 unit
2017 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .
1,169 1,234 1,197 1,091 1,086 1,188 1,144 1,197
798 819 847 751 777 798 781 837
S S S S S S S S
360 404 343 337 302 383 348 347
135 134 106 133 80 139 142 115
54 61 75 56 54 61 58 65
145 219 171 177 179 148 178 175
120 127 106 125 112 129 111 120
595 547 640 530 595 628 596 614
425 425 474 398 431 427 458 461
294 334 280 251 232 273 228 293
199 206 192 172 180 181 154 191
2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March (r) . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . Average RSE (%) . . . . . . . . . . . . . . . . . .
1,218 1,289 1,229 1,267 1,291 6
859 882 862 802 890 5
S S S S S X
348 400 356 453 389 14
114 138 150 148 99 23
60 69 65 53 51 16
169 160 154 196 172 11
132 129 108 124 142 11
596 655 595 619 706 7
445 462 467 412 493 8
339 336 330 304 314 10
222 222 222 213 204 8
1.9% ± 13.7 10.4% ± 12.1
11.0% ± 12.7 11.5% ± 15.2
S X S X
‐14.1% ± 24.6 8.1% ± 31.3
‐33.1% ± 48.2 ‐26.7% ± 38.9
‐3.8% ± 50.7 ‐5.6% ± 34.4
‐12.2% ± 18.1 18.6% ± 24.4
14.5% ± 14.4 18.3% ± 31.0
14.1% ± 19.4 18.7% ± 17.8
19.7% ± 20.3 16.0% ± 21.2
3.3% ± 21.5 6.8% ± 17.2
‐4.2% ± 17.6 2.5% ± 21.0
2
Percent Change May. 2018 from Apr. 2018 . . . . . . . . . . . 3 . 90 percent confidence interval . . . . . . May. 2018 from May. 2017 . . . . . . . . . . 3 . 90 percent confidence interval . . . . . .
Table 5b ‐ Not seasonally adjusted Period Total
United States 2 to 4 5 units 1 unit units or more
Northeast Total
Midwest
1 unit
Total
South 1 unit
Total
West 1 unit
Total
1 unit
2016 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,059.7 738.4 10.4 311.0 99.5 55.2 164.0 116.8 551.3 402.9 245.0 163.5 2017 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,152.9 795.3 10.7 346.9 115.7 59.0 172.3 120.5 594.7 435.5 270.3 180.4 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 17 5 5 5 4 2 2 2 3 2 2017 Year to date . . . . . . . . . . . . . . . . . . . 427.1 297.0 5.2 124.8 39.1 19.9 58.0 44.0 229.0 166.5 101.0 66.7 2018 Year to date . . . . . . . . . . . . . . . . . . . 471.9 324.7 3.9 143.3 46.6 20.9 61.3 45.4 243.3 177.3 120.8 81.1 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 30 7 9 6 7 8 3 3 3 3 Year to date percent change² . . . . . . . . . 3 . 90 percent confidence interval . . . . . .
10.5% ± 5.4
9.3% ± 4.7
‐24.9% ± 36.3
14.8% ± 17.2
19.3% ± 22.0
4.9% ± 15.6
5.6% ± 13.4
3.3% ± 13.2
6.2% ± 8.3
6.5% ± 7.1
19.6% ± 7.3
21.7% ± 9.3
2017 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .
98.1 109.9 102.2 102.1 96.2 106.9 95.1 113.4
66.9 71.3 69.4 65.6 68.2 73.3 68.1 82.4
1.0 1.1 0.6 0.3 0.7 0.6 1.1 1.2
30.3 37.5 32.1 36.2 27.3 33.1 26.0 29.8
11.6 12.5 9.0 13.1 8.0 12.1 11.4 10.5
4.8 5.7 6.2 4.9 5.6 5.4 5.1 6.2
11.9 19.2 15.1 16.8 16.7 14.5 15.1 16.9
9.8 10.7 8.9 11.2 10.6 12.9 10.1 12.2
49.6 48.2 54.0 48.7 51.1 55.9 49.4 58.5
35.3 36.9 38.4 34.5 36.3 38.5 39.1 45.3
25.0 30.0 24.1 23.6 20.5 24.5 19.3 27.6
17.0 18.1 15.8 15.1 15.7 16.5 13.8 18.7
2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March (r) . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Average RSE (%) 1 . . . . . . . . . . . . . . . . . .
84.0 88.6 94.9 95.4 109.0 6
59.8 61.3 67.1 61.3 75.2 5
0.7 0.4 0.8 0.8 1.0 46
23.5 26.9 27.0 33.2 32.8 14
8.0 8.7 11.0 10.4 8.4 23
4.4 4.1 4.6 3.5 4.3 16
11.1 10.0 10.8 15.0 14.4 11
8.6 8.0 7.3 9.7 11.8 11
42.3 46.8 47.6 47.0 59.6 7
32.1 33.8 37.9 31.8 41.6 8
22.6 23.0 25.5 23.0 26.6 10
14.7 15.4 17.3 16.4 17.4 8
p Preliminary r Revised S Does not meet publication standards because tests for identifiable and stable seasonalilty do not meet reliability standards X Not applicable 1
Average relative standard error for the latest 6‐month period Computed using unrounded data 3 See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals 2
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, June 19, 2018. Additional information on the survey methodology may be found at .