Last week, the Commerce Department reported that housing starts hit a 5-month low, dropping 10% to a seasonally-adjusted annual rate (SAAR) of 593,000. Analysts were expecting a number of around 650,000 housing starts.
Along with this, new builder permits dropped 5.9% to a 574,000 pace in May, the lowest in a year signaling builders aren’t able [...]
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Housing Starts Hit 5-Month Low
Tuesday, June 22nd, 2010
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