Home construction slips 0.9% in May

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    US home construction slips 0.9% in May, reflecting big drop in single-family construction. By Associated Press , Wire Service Content June 18, 2019 By Associated Press , Wire Service Content June.

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    The Commerce Department said Wednesday that construction was started at a seasonally adjusted annual rate of 1.25 million in June, down 0.9% from 1.27 million US home construction slips 0.9% to 1.

    down 0.9% from 1.27 million in May. Construction of single-family homes rose 3.5%, but apartment building skidded 9.4%. Applications for building permits, an indication of future construction, fell.

    WASHINGTON (AP) – U.S. home construction slipped a bit in May as a sharp drop in single-family construction was only partially offset by a rise in apartment building.

    The Commerce Department said Tuesday that construction was started at a seasonally adjusted annual rate of 1.27 million homes and apartments, a decline of 0.9% from April when construction starts.

    The Commerce Department said Tuesday that construction was started at a seasonally adjusted annual rate of 1.27 million homes and apartments in May, a decline of 0.9% from April.

    In this June 13, 2019, photo work continues on a new home in Mechanicsville, Va. On Tuesday, June 18, the Commerce Department reports on U.S. home construction in May.

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    The Commerce Department said Tuesday that construction was started at a seasonally adjusted annual rate of 1.27 million homes and apartments, a decline of 0.9% from April when construction starts had risen a strong 6.8 %. Applications for building permits, a good sign of future activity, edged up 0.3% in May to an annual rate of 1.29 million.

    U.S. home construction slipped a bit in May as a sharp drop in single-family construction was only partially offset by a rise in apartment building. US home construction slips 0.9% in May | Fox.

    In this June 13, 2019, photo work continues on a new home in Mechanicsville, Va. On Tuesday, June 18, the Commerce Department reports on U.S. home construction in May.