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U.S. Commerce Department: Northeast housing starts drop in May while building permits rise

Jun 17, 2015
Privately-owned housing starts in May fell 26.5 percent for the Northeast to 139,000, according to data released by the U.S. Commerce Department. April’s total was 189,000.
 
Nationally, housing starts were at a seasonally adjusted annual rate of 1,036,000, an 11.1-percent drop from the revised April total of 1,165,000. 
 
Building permits for the Northeast rose in May, increasing an impressive 77.7 percent to 311,000. Nationally, building permits rose 11.8 percent to 1,275,000.
 
To read the entire U.S. Commerce Department press release, click here
Featured Content

Buyer demand drives median price growth as fewer homes available for sale in New York State

Strong buyer demand, coupled with the ongoing decline in the number of homes for sale, fueled a 7.8 percent increase in the April statewide median sales price. Click here to read more.

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