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Housing starts disappoint for 2nd-straight month - fall to 8-month low

Jun. 16, 2017 8:47 AM ET|By: Stephen Alpher, SA News Editor

https://seekingalpha.com/news/3273990-housing-starts-disappoint-2nd-straight-month-fall-8-month-low

•May housing starts fell to a seasonally-adjusted annualized rate of 1.09M - down 5.5% from April, and well short of expectations for 1.23M.

•That rate is also down 2.4% on a year-over-year basis.

•Stripping out multifamily, single-family housing starts in May of 794K were down 3.9% M/M, and up 2.3% Y/Y.

•Building permits fell 4.9% M/M and 0.8% Y/Y to 1.168M.

•Full report

•Treasury yields have edged a hair lower since the print, with the 10-year yield now flat on the session at 2.16%. TLT, TBT both flat premarket


•Now read: Federal Reserve Watch: What's Important? »


•May housing starts fell to a seasonally-adjusted annualized rate of 1.09M - down 5.5% from April, and well short of expectations for 1.23M.

•That rate is also down 2.4% on a year-over-year basis.

•Stripping out multifamily, single-family housing starts in May of 794K were down 3.9% M/M, and up 2.3% Y/Y.

•Building permits fell 4.9% M/M and 0.8% Y/Y to 1.168M.

•Full report

•Treasury yields have edged a hair lower since the print, with the 10-year yield now flat on the session at 2.16%. TLT, TBT both flat premarket


•Now read: Federal Reserve Watch: What's Important? »