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18 Jun
20:40

New residential construction rises in May

New residential construction increased from April to May, according to data gathered by the US Census Bureau and the US Department of Housing and Urban Development, Kallanish reports. According to newly released residential construction statistics, privately-owned housing units authorised by building permits in May were reported at a seasonally adjusted annual rate of 1.220 million units. This is 14.4% above the revised April rate of 1.066m units but is -8.8% belo…
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