Builders Cautious as Housing Starts Slump

Builders Cautious as Housing Starts Slump

The U.S. Census Bureau said privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,001,000, 6.5% below the revised April estimate of 1,071,000, but 9.4% above the May 2013 rate of 915,000. Single-family housing starts in May were at a rate of 625,000, 5.9% below the revised April figure of 664,000. The

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