June 18, 2015
Housing starts drop 11% in US
US housing starts fell 11.1% in May to an annual rate of 1.04 million, following a sharp rise in April, when starts rose to the fatest pace seen since 2007. Starts for single-family homes declined by 5.4% to an annual rate of 680,000, while starts in buildings with at least five units dropped by 18.5%, to a pace of 349,000. However, building permits, a sign of future construction, increased 11.8 percent to an annual rate of 1.28 million units. This is the highest ...
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