Housing starts fell 5.5 percent in May to a seasonally adjusted 1.09 million annual rate, the NAHB said, citing government data.
Multifamily project permits declined 9.7 percent to a seasonally adjusted annual rate of 289,000 units. Single-family permits dropped 3.9 percent to 794,000.
You have 0 complimentary articles left.
Register for free today to continue reading!
Already have an account? Sign in here.