The U.S. Department of Commerce said privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,164,000, 0.3% below the revised April estimate of 1,167,000, but 9.5% above the May 2015 rate of 1,063,000. Single-family housing starts in May were 764,000, 0.3% above the revised April figure of 762,000. The National Association of Home Builders (NAHB), Washington, D.C., said on a three-month moving average basis, single-family starts ticked down due to the elevated ...
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