Update Economic USA Housing

Housing starts fell 5.5% in May to 1.092 million units (annual rate). Residential permits also slowed by 4.9% to 1.168 million units. The construction of new homes has taken a pause over the past several months. This appears to be a short term slowdown rather than a longer term trend change in direction. The other economic factors in housing are all supporting a continuation of growth.

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Posted by Steven Albrecht