Updated Wednesday, July 23, 2014 as of 3:38 AM ET
Portfolio - Investment Insights
May Housing Starts Drop 6.5%; Permits Fall 6.4%
by: Gary Siegel
Tuesday, June 17, 2014

Groundbreaking for new U.S. home construction slumped 6.5% in May to a seasonally adjusted annual rate of 1.001 million units as building permits dropped 6.4% to an annual rate of 991,000 units, according to Commerce Department data released Tuesday.

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