Market Updates
Housing Starts Declined 14.4% in May, Building Permits Fell 7%
Brian Turner
16 Jun, 2022
New York City
Housing starts in May fell to 1.55 million annual rate , a decline of 14.4% from April's revised estimate of 1.81 million rate and 3.5% lower from the 1.605 million annual rate a year ago.
Building permits in May were at 1,7 million annual rate, a 7% decline from April and housing completion rate was 1.465 million, a 9.1% higher than the rate in April and 9.9% higher than the rate a year ago.
Annual Returns
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Earnings
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