Housing Economics - 06/16/2010 (Plain Text Version)

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In this issue:
Housing Starts, Permits Decline in May
National Outlook
Housing Market Statistics At-A-Glance

Housing Starts, Permits Decline in May

Nationwide housing starts and issuance of building permits stalled in May following the expiration of a popular home buyer tax credit program, according to data released by the U.S. Commerce Department today. New-home production declined 10 percent to a seasonally adjusted annual rate of 593,000 units, the slowest pace since December 2009, while permit issuance slowed 5.9 percent to a rate of 574,000 units, its slowest pace since May 2009.

Housing Starts and Building Permits for May 2010
	DATE	CURRENT		LAST	% Change	Download Starts and Permits
Starts	06/16/2010	593Th		659Th	-10.0%
Permits	06/16/2010	574Th		610Th	-5.9%

Nationwide housing starts and issuance of building permits stalled in May following the expiration of a popular home buyer tax credit program, according to data released by the U.S. Commerce Department today. New-home production declined 10 percent to a seasonally adjusted annual rate of 593,000 units, the slowest pace since December 2009, while permit issuance slowed 5.9 percent to a rate of 574,000 units, its slowest pace since May 2009.

Download data for Housing Starts & Permits.

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