US Housing Starts Collapsed In May To Lowest Since COVID
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Source: Zero Hedge
Published: 2026-06-16 22:41 UTC+10:00
Section: General
Factuality Score: 92
Opinion Category: Neutral
Topics: Business, Property, Economy & Finance, Financial Markets, Property & Housing, Business & Economy
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Snippet:
With housing inventories at recent highs, the US housing market just suffered another sentiment setback as Housing Starts crashed by 15.4% MoM in May (far worse than 2% drop expected and worse since March 2024)), following a revised 8.5% MoM drop in April. Building Permits slipped 0.7% MoM (in line with expectations)...
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