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ResolvedMacro Economy

US Housing Starts Plunge 15.4% in May to Lowest Level Since Pandemic

First Detected: Jun 16, 2026, 11:22 PM
Last Update: 2 months ago
8 articles·3 stories

Event Summary

US housing starts plunged 15.4% in May to 1.177 million units, marking the lowest level since the pandemic and significantly missing economist expectations. The decline was primarily driven by a collapse in multi-family rental starts, while building permits saw a minor 0.7% dip in line with market forecasts. Despite the weak housing data, US homebuilder stocks advanced following the passage of a congressional bill aimed at boosting affordable housing.

Timeline

US Homebuilders Post Best Day in a Year as 'ROAD to Housing Act' Passes
Jun 24, 2026, 10:57 PMImpact: 5
US Housing Starts Plunge to Lowest Level Since 2020 Amid High Rates
Jun 18, 2026, 9:05 AMImpact: 4
US Housing Starts Plunge 15.4% in May to Lowest Level Since Pandemic
Jun 16, 2026, 11:22 PMImpact: 7

Price Impact

Since event start
DHI-8.69%
LEN-6.91%
PHM-0.36%