Housing Starts Slip in May
Housing
starts fell 6.5 percent in May to a seasonally adjusted annual rate of 1
million units, the Commerce Department reported yesterday. Starts were 9.4
percent above their rate a year ago. Permits for new construction, which are
considered a gauge of future demand, fell 6.4 percent to an annual rate of
991,000.
---ABA Daily Newsbytes
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