US building permits, housing starts rise in May
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Privately-owned housing units authorized by building permits in May rose 1.1% to a seasonally adjusted annual rate of 1.22m, according to the Census Bureau.
The market had been expecting a similar rate, of 1.21m.
Housing starts, meanwhile, rose 4.3% to a seasonally adjusted annual rate of 0.97m, below expectations of 1.10m.
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