Housing Starts Released On 6/17/2014 8:30:00 AM For May, 2014 Prior Prior Revised Consensus Consensus Range Actual Starts - Level - SAAR 1.072 M 1.071 M 1.036 M 0.995 M to 1.072 M 1.001 M Permits - Level - SAAR 1.080 M 1.059 M 1.062 M 1.020 M to 1.102 M 0.991 M Highlights Housing took a step back in May. Starts fell a monthly 6.5 percent but followed a strong 12.7 percent spike in April. Single-family starts dropped 5.9 percent after a 4.6 percent rise. Multifamily starts declined 7.6 percent, following a 29.2 percent spike in April.
Building permits followed a similar pattern, suggesting some moderation in construction. Permits fell 6.4 percent after a 5.9 percent rise in April.
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