Building Permits at an annual rate of 1,275,000

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Tuesday, Jun 16 2015

Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,275,000. Analysts were anticipating rate of 1,110,000. This is 11.8% above the revised April rate of 1,140,000 and is 25.4% above the May 2014 estimate of 1,017,000. Single-family authorizations in May were at a rate of 683,000; this is 2.6% above the revised April figure of 666,000. Authorizations of units in buildings with five units or more were at a rate of 557,000 in May.

Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,036,000, slightly below expectations on rate of 1,100,000. This is 11.1% below the revised April estimate of 1,165,000, but is 5.1% above the May 2014 rate of 986,000. Single-family housing starts in May were at a rate of 680,000; this is 5.4% below the revised April figure of 719,000. The May rate for units in buildings with five units or more was 349,000.

Data did not have any major impact on the markets. Euro is currently being traded few points above 1.1210 level, Sterling is around 1.5620 area, while Aussie is at 0.7750 handle.

More in this category: « ZEW Economic Sentiment fell in June more than expected Aussie lower in an uneventful morning part of the session »

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