Keeping you up to date on the latest data releases.
- Housing Starts
Single-family housing starts rose 3.7 percent in May, following an upwardly revised 3.3 percent decline in April. The pace of single-family housing starts improved to 419,000 annualized units but remains 8.9 percent below May 2010’s pace. Single-family housing starts improved in the Midwest, South, and West regions 12.5 percent, 1.9 percent, and 15.6 percent respectively while single-family housing starts declined 19.1 percent in the Northeast. Housing permits also improved in May, increasing 2.5 percent to 405,000 annualized units but remains 6.9 percent below May 2010’s level of 435,000 annualized units.