Housing starts rose 5.7% to an annual rate of 1.36 million, following downward revisions in previous months, according to government data released. The median forecast in a Bloomberg survey of economists was 1.42 million. Permits authorized for the construction of single-family homes have declined for three consecutive months to the lowest level since August, after an upward trend at the end of last year. This…
Building permits declined for three consecutive months in the United States
The construction of new homes in the U.S. increased less than expected in April, and permits for new activities fell, suggesting that the recent rise in mortgage rates is causing builders to reconsider.
