Number Of U.S. Housing Starts Rose 3.5% In May; Number Of Building Permits Issued Rose 8.7%
(For May 2011)
U.S. housing starts in March rose 3.5% to 560.000 vs. revised (18.000 higher) 541.000 April reading. Consensus was at 545.000. On year level U.S. housing starts are down 3.4%.
Number of building permits issued in the U.S. in May rose 8.7% to 612.000. Consensus was at 557.000. On year level number of building permits issued in the U.S. is up 5.2%.