NAHB: May housing picture not as clear as it seems

June 18, 2014

The sharp decline in housing starts and permits in May is not as damaging as it first appears, according to the National Association of Home Builders. The trade group notes that multifamily starts were adjusting following a seven-year high the previous month, while single-family permits were up 3.7 percent to their highest point since November 2013.

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