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Article: HOUSING STARTS JUMP 11.6 PERCENT
- Article from:
- United Press International
- Article date:
- June 18, 2002
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Housing starts jump 11.6 percent
WASHINGTON, Jun 18, 2002 (United Press International via COMTEX) -
- The Commerce Department said Tuesday that U.S. housing starts posted
their largest rise in almost seven years during May, surging 11.6
percent to a seasonally adjusted annual rate 1.73 million units.
The May increase was the largest since July 1995.
Most economists on Wall Street were expecting housing starts to rise
2.9 percent during the month after falling 5.4 percent in April and
7.8 percent in March while rising 2.8 percent back in February.
The government agency also reported building permit authorization,
an indicator of future construction, rose 2.6 percent to ...