May Housing Starts Fall Year-Over-Year

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for May 2006: Building PermitsPrivately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,932,000. This is 2.1 percent (1.2%) below the revised April rate of 1,973,000 and is …

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