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Figures released by the U.S. Commerce Department revealed 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.

According to the analysis, housing starts fell 0.9% in May 2019 to a seasonally adjusted annual rate of 1.269 million units.. U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce.. “Permits rose strongly in May from April, which is good news, but were down from May of last year.

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 government said.

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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. That was a steeper decline than the 0.4% decrease.

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Data recon. housing starts dipped 0.9% m/m in May to a seasonally adjusted annual rate of 1.269 million (Briefing.com consensus 1.240 million) from an upwardly revised 1.281 million (from 1.235 million) in April.

Single-family housing starts plummeted by 6.4% to 820,000 units in May. The decrease in single-family housing starts was possibly caused by heavy rains that delayed construction. Single-family.

May US housing starts declined by 0.9% to a seasonally adjusted annual rate of 1.269 million units, according to the US Census Bureau and the US Department of Housing and Urban Development. That statistic is a drop from April’s 5.7% increase with a revised rate of 1.281 million units.

US housing starts dropped 0.9 percent from a month earlier to a. Housing Starts in the united states averaged 1430.13 Thousand units from 1959 until. 2019- 06-18, 12:30 PM, Housing Starts May, 1.269M, 1.281M, 1.239M, 1.205M. down by persistent weakness in the single-family housing segment.

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Economists polled by Reuters had forecast housing starts edging up to a pace of 1.239 million units in May. Single-family housing starts fell in the Northeast, the Midwest and West, but rose in the South, where the bulk of homebuilding occurs. Building permits rose 0.3% to a rate of 1.294 million units in May.

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