May housing starts, permits fall well shy of expectations

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June 18, 2014

U.S. Census Bureau data for May revealed housing starts for the month came in significantly lower than expected, reaching just 1.001 million rather than the projected 1.03 million. Declines in both single-family (-5.9 percent) and multifamily construction (-7.6 percent) were responsible for the plunge. Housing permits were also down 6.4 percent for the month

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