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U.S. Housing Starts Unexpectedly Skyrocket In May

Por: RTTNews Business June 20, 2023

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A report released by the Commerce Department on Tuesday showed new residential construction in the U.S. unexpectedly skyrocketed in the month of May.The Commerce Department said housing starts soared by 21.7 percent to an annual rate of 1.631 million in May after tumbling by 2.9 percent to a revised rate of 1.340 million in April.Economists had expected housing starts to edge down to a rate of 1.400 million from the 1.401 million originally... + full article



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