Keeping you up to date on the latest data releases.
- Housing Starts
The groundbreaking of single-family homes rose just 0.3 percent in May and 16.3 percent annually to a seasonally-adjusted annualized rate of 599,000 units started. Regionally, the monthly pace of housing starts ranged from a 20.3 percent decline in the West to a 12.2 percent increase in the South. On a year-over-year basis all areas posted positive growth rates, with the West showing the weakest improvement of 6.8 percent and the South leading with a gain of 19.5 percent. The authorization of single-family home building permits rose 1.3 percent from April to May and 24.6 percent over the past 12 months to a seasonally adjusted annualized rate of 622,000 permits issued.