May housing starts

Posted in :

Reading Time: < 1 minute

May housing starts beats expectation, quote Bloomberg:

U.S. builders broke ground on more houses than forecast in May, offering a sign that the industry’s slump, now in its fourth year, may be approaching an end.

The 17 percent increase in housing starts to an annual rate of 532,000 followed a 454,000 pace the prior month, the Commerce Department said today in Washington. Building permits, an indicator of future construction, also rose more than estimated.

(source: NAHB web site)

%d bloggers like this: