Monday, June 18, 2007

Housing Starts in U.S. Probably Fell in May, Prolonging Slump, Survey Says

(Bloomberg) -- Housing starts in the U.S. probably
fell in May, signaling the slump in home construction will
continue to depress growth, economists said before a government
report today.

Builders broke ground on new houses at an annual rate of
1.473 million in May, down 3.6 percent from 1.528 million the
prior month, according to the median forecast of 68 economists
surveyed by Bloomberg News. Building permits probably rose to
1.47 million from a nine-year low 1.457 million in April.


Read more at Bloomberg Bonds News

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