“U.S. housing starts in May came in above consensus expectations at a seasonally adjusted annual rate of 1.63 million, which is 21.7% above the revised April estimate of 1.34 million and 5.7% above the May 2022 rate of 1.54 million,” said First American Economist Ksenia Potapov.
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Builder Sentiment Hits Highest Mark in 20 Years
What caused the National Association of Home Builders to say the industry is “still underbuilding” in the latest Housing Market Index?
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