US homebuilding rises moderately in May; jump in permits hints at green shoots
Housing starts up 4.3% in May; gradual recovery in home building forecast to continue this year
Fri, Jun 19, 2020 - 5:50 AM
US homebuilding increased less than expected in May, but a strong rebound in permits for future home construction suggested the housing market was starting to emerge from the Covid-19 crisis along with the broader economy.
Other data on Wednesday showed applications for...