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