The annualized rate of housing starts in the U.S. fell 5.5 percent between April and May to 1.28 million units, according to the U.S. Census Bureau. Single-family starts were down by 5.2 percent to a rate of 982,000. Building permits were at a rate of 1.39 million units, down 3.8 percent from April. Single-family permits declined by 2.9 percent to a rate of 949,000.
U.S. housing starts, permits decline in May
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