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U.S. Housing Starts Rise in May

Investing.com
U.S. housing starts come in at 1.350 million vs. 1.310 million forecast
U.S. housing starts come in at 1.350 million vs. 1.310 million forecast

Investing.com - U.S. homebuilding rose in May, according to data released on Tuesday.

Housing starts increased 5.0% to a seasonally adjusted annual rate of 1.350 million units last month, the Commerce Department said.

Economists had forecast housing starts rising to a pace of 1.310 million units last month.

Building permits fell 4.6% to a rate of 1.301 million units in May.

Economists had forecast building permits decreasing to a pace of 1.350 million units last month.

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