#Latest news with #1.26millionBloomberg9 hours agoBusinessBloombergNew Home Construction Falls to Five-Year LowBy Updated on Save New US residential construction declined in May to the slowest pace since the onset of the pandemic as an elevated inventory of homes for sale and high mortgage rates sapped the motivation to build. Housing starts decreased 9.8% to an annualized rate of 1.26 million homes last month, according to government figures released Wednesday. The median projection in a Bloomberg survey of economists was for a 1.35 million pace.
Bloomberg9 hours agoBusinessBloombergNew Home Construction Falls to Five-Year LowBy Updated on Save New US residential construction declined in May to the slowest pace since the onset of the pandemic as an elevated inventory of homes for sale and high mortgage rates sapped the motivation to build. Housing starts decreased 9.8% to an annualized rate of 1.26 million homes last month, according to government figures released Wednesday. The median projection in a Bloomberg survey of economists was for a 1.35 million pace.
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