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17 Jun
15:10

US new residential construction advances, building permits decline

Growth in the US residential construction industry was muddled in May with housing starts advancing but building permits declining on-month, Kallanish learns from data gathered by the US Census Bureau and the US Department of Housing and Urban Development. Building permits issued for residential construction units fell by 3% from an annual rate of 1.73 million in April to a rate of 1.68m in May. In contrast, housing starts rose 3.6% higher from April to …
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