• Housing Starts increased to 1.350 Million Annual Rate in May

    27 days ago - By Calculated Risk

    From the Census Bureau: Permits, Starts and Completions
    Housing Starts:
    Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,350,000. This is 5.0 percent above the revised April estimate of 1,286,000 and is 20.3 percent above the May 2017 rate of 1,122,000. Single-family housing starts in May were at a rate of 936,000; this is 3.9 percent above the revised April figure of 901,000. The May rate for units in buildings with five units or more was 404,000.
    Building Permits:
    Privately-owned housing units authorized by building permits in May were at a seasonally...
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  • U.S. housing starts reach highest level in a decade

    U.S. housing starts reach highest level in a decade

    27 days ago - By Inman

    Residential housing starts rose 5 percent month-over-month in May, the highest rate since June 2007, according to new statistics released Tuesday by the U.S. Bureau of Labor Statistics and the U.S. Department of Housing and Urban Development. Single-family starts jumped 3.9 percent while multi-family starts climbed 7.5 percent, according to the data. Despite the rise in...
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  • US housing starts climbed 5 percent in May to strongest pace since 2007

    27 days ago - By Chron

    WASHINGTON - US housing starts climbed 5 percent in May to strongest pace since 2007.
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  • US housing starts jumped 5 pct. in May off Midwest building

    27 days ago - By Chron

    WASHINGTON - A surge of construction in the Midwest drove U.S. housing starts up 5 percent in May from the prior month.
    The Commerce Department says that housing starts rose to a seasonally adjusted annual rate of 1.35 million, the strongest pace since July 2007. All of May's construction gains came from a 62 percent jump in the Midwest, while building slumped in the Northeast, South and West.
    The solid job market has helped to boost demand for new homes. Housing starts have risen 11 percent so far this year, with gains for both single family houses and apartment buildings.
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