US home construction slips 0.9% in May

U.S. home construction slips 0.9% to 1.25 million in June. Falling mortgage rates are expected to spur home construction, overriding other concerns such as shortages of building lots and.

US home construction slips 0.9% in May. Business; by Martin Crutsinger, The Associated Press. Posted Jun 18, 2019 8:33 am EDT. In this June 13, 2019, photo work continues on a new home in.

US home construction slips 0.9% in May, reflecting big drop in single-family construction. US home construction slips 0.9% in May, reflecting big drop in single-family construction.

The Commerce Department said Tuesday that construction was started at a seasonally adjusted annual rate of 1.27 million homes and apartments, a decline of 0.9% from April when construction starts had risen a strong 6.8 %. Applications for building permits, a good sign of future activity, edged up 0.3% in May to an annual rate of 1.29 million.

US home construction slips 0.9% in May In this June 13, 2019, photo work continues on a new home in Mechanicsville, Va. On Tuesday, June 18, the Commerce Department reports on U.S. home construction in May.

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U.S. home construction slips 0.9% in May. A sharp drop in single-family construction was only partially offset by a rise in apartment building

US June NAHB housing market index 64 vs 67 expected The numbers: U.S. home builder confidence fell two points to 64 in June. historically looked to NAHB’s index for clues on the future pace of home construction. But that relationship has broken down.

The Commerce Department said Wednesday that construction was started at a seasonally adjusted annual rate of 1.25 million in June, down 0.9% from 1.27 million in May. Construction of single-family.

The Commerce Department said Tuesday that construction was started at a seasonally adjusted annual rate of 1.27 million homes and apartments, a decline of 0.9% from April when construction starts had risen a strong 6.8 %. Applications for building permits, a good sign of future activity, edged up 0.3% in May to an annual rate of 1.29 million.

In this June 13, 2019, photo work continues on a new home in Mechanicsville, Va. On Tuesday, June 18, the Commerce Department reports on U.S. home construction in May.

The Commerce Department said Tuesday that construction was started at a seasonally adjusted annual rate of 1.27 million homes and apartments, a decline of 0.9% from April when construction starts had risen a strong 6.8 %. Applications for building permits, a good sign of future activity, edged up 0.3% in May to an annual rate of 1.29 million.

WASHINGTON (AP) – U.S. home construction slipped a bit in May as a sharp drop in single-family construction was only partially offset by a rise in apartment building. The Commerce Department.

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