comscore U.S. housing starts jumped 5% in May | Honolulu Star-Advertiser
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U.S. housing starts jumped 5% in May

WASHINGTON >> A surge of construction in the Midwest drove U.S. housing starts up 5 percent in May from the prior month.

The Commerce Department said Wednesday that housing starts rose to a seasonally adjusted annual rate of 1.35 million, the strongest pace since July 2007. All of May’s construction gains came from a 62 percent jump in the Midwest, while building slumped in the Northeast, South and West. Home construction can be volatile on a monthly basis, so May’s gains may be a blip rather than a trend.

The solid job market has helped to boost demand for new homes. Housing starts have risen 11 percent so far this year, with gains for both single-family houses and apartment buildings. Permits to build tumbled 4.6 percent in May, but permits are running 8.9 percent higher year-to-date.

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