Global Finance News
16 Jun 2026, 16:31
U.S. Housing Starts Plunge in May, Signaling Sharp Slowdown in Home Construction
U.S. homebuilding activity weakened sharply in May, with housing starts falling well below expectations and highlighting continued pressure on the residential construction sector.
Housing starts dropped to an annualized rate of 1.177 million units, significantly below economists' forecasts of 1.430 million and down from 1.392 million in April. On a monthly basis, housing starts plunged 15.4%, following an 8.5% decline in the previous month.
U.S. homebuilding activity weakened sharply in May, with housing starts falling well below expectations and highlighting continued pressure on the residential construction sector.
Housing starts dropped to an annualized rate of 1.177 million units, significantly below economists' forecasts of 1.430 million and down from 1.392 million in April. On a monthly basis, housing starts plunged 15.4%, following an 8.5% decline in the previous month.