May
17
Housing Starts in U.S. Increase, Extending See-Saw Pattern
By-
Permits rise less than forecast, limiting scope for more gains
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Construction has held within a narrow range since June 2015
New-home construction rose in April, extending a pattern of gains and losses that signals the U.S. homebuilding industry is contributing little to economic growth.
Residential starts increased 6.6 percent to a 1.17 million annualized rate from 1.1 million in March, Commerce Department data showed Tuesday in Washington. The median forecast of 79 economists surveyed by Bloomberg projected an increase to a 1.13 million rate. Permits, a proxy for future construction, also climbed…
Housing Starts in U.S. Increase, Extending See-Saw Pattern
