US housing starts in May down by 0.9% to 1.269 million units

Data for May was revised slightly down to show homebuilding falling to a pace of 1.265 million units, instead of slipping to a rate of 1.269 million units as previously reported. Economists polled by Reuters had forecast housing starts dipping to a pace of 1.261 million units in June.

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Housing starts fell 0.9% in May from the prior month to a seasonally adjusted annual rate of 1.269 million, the Commerce Department said Tuesday.. to Freddie Mac, near historic lows and down from 4.62% a year ago.

* Housing starts fall 0.9% in June; May revised lower. May was revised slightly down to show homebuilding falling to a pace of 1.265 million units, instead of slipping to a rate of 1.269.

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(MENAFN – Baystreet.ca) It was something of a good-news-bad-news story on the housing front in the United States last month. U.S. home building unexpectedly fell in May. starts dropped 0.9% to a.

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U.S. Housing Starts Fall, but Prior Months Revised up; housing starts dropped 0.9% to a seasonally adjusted annual rate of 1.269 million units last month amid a drop in the construction of single-family housing units, the Commerce Department said on Tuesday.

Total housing starts in the US posted a -0.9% decrease in May, to 1.269 million units, compared to an upwardly revised April estimate of 1.281 million units, according to the joint data release tuesday from the US Census Bureau and HUD. Relative to May 2018, total starts are -4.7% below the annual pace of 1.332 million units.

Housing starts dropped 0.9% to a seasonally adjusted annual rate of 1.269 million units last month amid a drop in the construction of single-family housing units, the Commerce Department said on.

Housing starts dipped 0.9% m/m in May to a seasonally adjusted annual rate of 1.269 million. were down 25.8% in the Northeast, down 5.8% in the Midwest, up 3.3% in the South, and down 19.9% in the.

US Housing Starts Fall in May.. Housing starts dropped 0.9% to a seasonally adjusted annual rate of 1.269 million units last month amid a drop in the construction of single-family housing units.

US Housing Starts Fall in May Housing starts in the US dropped 0.9 percent from a month earlier to a seasonally adjusted annual rate of 1,269 thousand units in May 2019, compared to market expectations of 1,239 thousand and following an upwardly revised 6.8 percent advance in April. Published on 2019-06-18

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