U.S. housing starts fall to six-year low

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US housing starts drop big in May 2026.

Total starts at 1.177 million units per year rate.

This is 15.4% down from April.

Lowest level since May 2020, six years ago.

Single family starts at 882,000, small drop.

Multi family starts fall hard 41% to 284,000.

High mortgage rates and costs make builders wait.

Data from US Census Bureau.

Permits also down a little.

https://www.census.gov/construction/nrc/current/index.html