Building Permits at an annual rate of 1,138,000
Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,138,000. This is 0.7% above the revised April rate of 1,130,000, but is 10.1% below the May 2015 estimate of 1,266,000. Single-family authorizations in May were at a rate of 726,000; this is 2.0% below the revised April figure of 741,000. Authorizations of units in buildings with five units or more were at a rate of 381,000 in May.
Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,164,000. This is 0.3% below the revised April estimate of 1,167,000, but is 9.5% above the May 2015 rate of 1,063,000. Single-family housing starts in May were at a rate of 764,000; this is 0.3% above the revised April figure of 762,000. The May rate for units in buildings with five units or more was 396,000.
Euro is currently being traded few points above 1.1260 level, Sterling is around 1.4270 handle, while Aussie is at 0.74 area.
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