- Analytics
- News and Tools
- Market News
- U.S. housing market is mixed in May
U.S. housing market is mixed in May
The U.S. Commerce Department released the housing market data on Tuesday. Housing starts in the U.S. declined 11.1% to 1,036 million annualized rate in May from a 1,165 million pace in April, exceeding expectations for a rise to 1.019 million. April's figure was revised up from 1,135 million units.
The decline was driven by a falls in both starts of single-family and multi-family homes.
Building permits in the U.S. climbed 11.8% to 1.275 million annualized rate in May from a 1.140 million pace in April. It was the highest level since August 2007.
Analysts had expected building permits to increase to 1.100 million units.
Starts of single-family homes dropped 5.7% in May. Building permits for single-family homes rose 2.6%.
Starts of multifamily buildings plunged 20.2% in May. Permits for multi-family housing jumped 24.9%.
Housing market activity may accelerate this year due to the improvements in the labour market.
© 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.
Bank transfers
