Supply Chain sources claim that Pegatron started to build the iPhone 5.
Here is another report that says that Apple's partners in Asia have started to build the iPhone 5. Digitimes reports that Pegartron has started the production of the iPhone 5. Pegatron is also rumored to make the new smaller iPad that is expected also to launch later this year.
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Rumors on when Apple will start selling the iPhone 5 range from early August to as late as October.
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It becomes more and more critical that Apple is producing enough new iPhones to satisfy demand. Therefore the time to ramp up productions becomes longer. My prediction is that the iPhone 5 will launch late September or early October.