International Economic
US housing starts and building permits drop to four-year lows
By Benjamin Chiou
Date: Thursday 20 Jun 2024
(Sharecast News) - Both housing starts and building permits in the United States dropped sharply in May to their lowest levels since mid-2020, according to data released on Thursday.
Housing starts declined 5.5% to an annualised rate of 1.277m last month, after growing by 4.1% to a revised 1.352m in April.
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