Housing Starts Posts 5% Increase in May After 3 Monthly Declines

The construction activity by regions: 
West - up 15.8%
South - up 8.5%
Northeast - up  1.7%
Midwest - down 15.8%.

Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,957,000, 5.0% above the revised April estimate of 1,863,000, but is 3.8% below the May 2005 rate of 2,034,000, reports US Commerce Department. The better-than-expected increase came after declines of 5.5% in April, 7.5% in March and 5.9% in February.

The National Association of Home Builders reported Monday that its builder confidence index fell in June to a reading of 42, the lowest point in 11 years.

  • Building permits for new construction dropped by 2.1% in May to an annual rate of 1.932 million units.
  • Housing completions in May were at a seasonally adjusted annual rate of 1,878,000, which is 8.0% below the revised April estimate of 2,041,000 and is 10.1% below the May 2005 rate. 

Previous: « Pharma and Medical Technology Industry in New Jersey - $27 Billion Economic Impact

Next : » Global High-Net-Worth Population Grows to 8.7 Million, Worth $33.3 Trillion

  ABOUT    CONTACT Metrics 2.0 RSS Feeds RSS   Metrics 2.0 Widgets for your site or blog WIDGETS   ARCHIVES

Enter Email for Daily Feed Delivery: