Steel Markets
June 19, 2018
Housing Starts Increase in May, But Permits Decline
Written by Sandy Williams
Housing starts rose 5.0 percent in May to a seasonally adjusted annual rate of 1,350,000, the highest level since July 2007, according to data from the Commerce Department. Starts were 20.3 percent above the rate in May 2017.
Single-family housing starts rose 3.9 percent from April and multi-family housing of five units or more jumped 11.3 percent. Starts jumped 62.2 percent in the Midwest, but declined across the other regions.
