US May housing starts 1269K vs 1240K expected

Author: Adam Button | Category: News

US housing starts data

  • Prior was 1235K (revised to 1281K)
  • Building permits 1294K vs 1293K expected
  • Prior building permits 1290K
  • Single-family statrs -6.4%
  • Multifamily +10.9%
Starts were down 0.9% but it was only because of a solid revision higher in the April data. I can't see this data point being any kind of a factor in tomorrow's Fed decision. There has been no immediate reaction in the market as well.

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