Jun
19
Housing Starts Little Changed as U.S. Construction Plateaus
By-
Ground breaking has been in narrow range since April 2015
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South stands out with single-family starts highest since 2007
New-home construction in the U.S. was little changed in May, a sign the residential real-estate industry will add little to economic growth in the second quarter.
Housing starts in May fell 0.3 percent to a 1.16 million annualized rate from a 1.17 million pace the prior month, a Commerce Department report showed Friday in Washington. The median forecast of 77 economists surveyed by Bloomberg was 1.15 million. Permits, a proxy for future construction, were also little changed from April…
Housing Starts Little Changed as U.S. Construction Plateaus
