Tuesday, June 19, 2007

Home construction fall 2.1 percent in May

May housing starts fall 2.1 percent (Reuters)

Construction workers put up second story framing as they build homes in Carlsbad, California November 17, 2005. The pace of U.S. home construction fell 2.1 percent in May to a slightly lower rate than analysts had expected while building permit activity, a signal of future building plans, increased more than anticipated, a government report showed on Tuesday. (Mike Blake/Reuters)Reuters - The pace of U.S. home construction fell 2.1 percent in May to a slightly lower rate than analysts had expected while building permit activity, a signal of future building plans, increased more than anticipated, a government report showed on Tuesday.


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