The U.S.
Commerce Department released the U.S. housing starts and building permits
figures. The U.S. housing starts declined by 6.5% to a seasonally adjusted
1.001 million units in May from 1.071 million in April. Analysts had expected a
decline of 3.7% to 1.034 million units.
Many
Americans are still struggling to afford new houses due to the high mortgage
rates. Single-family houses, the largest part of the housing market, declined
5.9% in May.
Apartments gained
9.4% over the past 12 months. It seems that more Americans prefer to rent a
house instead of owning homes.
The number
of building permits in the U.S. fell by 6.4% to a seasonally adjusted 991,000
units in May from 1.059 million units in April. Analysts had forecasted
building permits to decrease by 0.1% to 1.05 million units.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.