empty
 
 

2021.06.1612:39:00UTC+00U.S. Housing Starts Rebound 3.6% In May

After reporting a sharp pullback in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing housing starts rebounded in the month of May.

The Commerce Department said housing starts jumped by 3.6 percent to an annual rate of 1.572 million in May after plunging by 12.1 percent to a revised rate of 1.517 million in April.

Economists had expected housing starts to surge by 3.9 percent to a rate of 1.630 million from the 1.569 million originally reported for the previous month.

Meanwhile, the report said building permits slumped by 3.0 percent to an annual rate of 1.681 million in May after falling by 1.3 percent to a revised rate of 1.733 million in April.

Building permits, an indicator of future housing demand, had been expected to decrease by 1.7 percent to a rate of 1.730 million from the 1.760 million originally reported for the previous month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback