New Residential Construction Report: May 2015

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Includes: ITB, REZ, XHB
by: Sold At The Top

Today's New Residential Construction Report showed mixed results with total permit activity increasing 11.8% since April while total starts declined 11.1% over the same period.

Single family housing permits, the most leading of indicators, increased 2.6% from April to 683K single family units (SAAR), and rose 9.1% above the level seen a year earlier but still remained well below levels seen at the peak in September 2005.