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U.S. Housing Starts Increased in May

哪里玩赛车微信群 By Sarah Chaney

哪里玩赛车微信群 Home building in the U.S. increased in May, adding to the evidence the economy is picking up after the coronavirus led to business shutdowns in March.

Here are key takeaways from Wednesday's Commerce Department report:

哪里玩赛车微信群 -- Housing starts, a measure of new-home construction, rose 4.3% in May from the prior month to a seasonally adjusted annual rate of 974,000. Economists surveyed by The Wall Street Journal had forecast that starts rose 22.3% to an annual pace of 1.09 million.

哪里玩赛车微信群 -- Residential building permits, which can signal how much construction is in the pipeline, climbed 14.4% from April to an annual pace of 1.22 million.

-- Housing-starts data are volatile from month to month and can be subject to large revisions. From a year earlier, starts declined 23.2% in May and permits dropped 8.8%.

哪里玩赛车微信群 Write to Sarah Chaney at sarah.chaney@wsj.com

 

(END) Dow Jones Newswires

哪里玩赛车微信群 June 17, 2020 08:57 ET (12:57 GMT)

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