US housing starts in May down by 0.9% to 1.269 million units

U.S. housing starts drop in May masks some. Housing starts dropped 0.9% to a seasonally adjusted annual rate of 1.269 million units last month amid a drop in.

Economists polled by Reuters had forecast housing starts edging up to a pace of 1.239 million units in May. Single-family housing starts fell in the Northeast, the Midwest and West, but rose in the South, where the bulk of homebuilding occurs. Building permits rose 0.3% to a rate of 1.294 million units in May.

Figures released by the U.S. Commerce Department revealed housing starts dropped 0.9% to a seasonally-adjusted annual rate of 1.269 million units last month amid a drop in the construction of.

Announced this morning, Housing Starts for May were 1.269 million units, a decrease of 0.9% from the previous month, below expectations. However, this reading follows April’s revised, strong increase of 6.8%. In addition, Building Permits increased by 1.294 million, an increase of 0.3%, above expectations.

May Weakness in US Housing Construction hides improving conditions End of a 5-month losing streak in single-family permits and falling mortgage rates hold promise but don’t blunt the sting of a 6.

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2019-07-17  · * Housing starts fall 0.9% in June; May revised. instead of slipping to a rate of 1.269 million units as previously. Don’t have a down payment for a.

US housing starts dip 0.9% in June, permits reach two-year low. Data for May was revised slightly down to show homebuilding falling to a pace of 1.265-million units, instead of slipping to a.

Total housing starts in the US posted a -0.9% decrease in May, to 1.269 million units, compared to an upwardly revised April estimate of 1.281 million units, according to the joint data release Tuesday from the US Census Bureau and HUD. Relative to May 2018, total starts are -4.7% below the annual pace of 1.332 million units.

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Housing starts reversed course in May, signaling a slowdown in production, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. According to the analysis, housing starts fell 0.9% in May 2019 to a seasonally adjusted annual rate of 1.269 million units.

2019-07-17  · Housing starts slipped 0.9% to an annual pace. Work on multifamily projects of five units or more slipped last month after soaring in May to a one-and.