Market commentator warns U.S. residential construction is rapidly slowing as housing starts hit a five-year low.

US housing starts dropped 15.4% in May 2026 to 1.177 million units while building permits slipped 0.7%. Here's what it means for crypto investors.

US housing starts plunged 15.4% in May to 1,177,000 units, the lowest since COVID. High mortgage rates and affordability woes are crushing new construction.

The number of housing units started in May fell far below forecasters' expectations, according to the Census Bureau.

Market commentator warns U.S. residential construction is rapidly slowing as housing starts hit a five-year low.