Tag Archives: May 2012

May U.S. Housing Starts Dropped by 4.8% to a 708,000 Unit Pace

U.S. housing starts dropped by 4.8% to a 708,000 unit pace in May, which was much weaker than the 725,000 expected by consensus and our 720,000 forecast. However, it comes after April starts were upwardly revised to a 744,000 unit pace (was 717,000 units). March starts were also upwardly revised to 706,000 units from 699,000. […]

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