May Housing Starts Maintain High Pace

Robust demand fueled by continuing low mortgage rates and favorable economic conditions kept new-home construction humming along at a high pace in May.

According to U.S. Commerce Department figures, housing starts edged up 0.2 percent to a seasonally adjusted annual rate of 2.009 million units for the month. This was 1.8 percent above the pace of a year ago.

Single-family home construction led the way with a 4.7 percent increase to a pace of 1.704 million units for the month,

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

TAGS: archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish