US Housing Starts and Permits Plunge in May: Drop in Permits Points to Slowing Activity Ahead | Metals Mine

  • US Housing Starts and Permits Plunge in May: Drop in Permits Points to Slowing Activity Ahead

    From wellsfargo.bluematrix.com

    Residential construction continues to pull back as builders and developers deal with high financing costs, elevated economic uncertainty and unfavorable supply conditions. Total housing starts fell 9.8% in May. Much of May's plunge can be owed to a significant decline in the volatile multifamily series, while single-family projects edged up slightly. Still, the sharp drop put the pace of overall starts at 1.26 million units, the slowest since 2020 during the worst of the pandemic. What's more, another decline in total permits and downdraft in builder sentiment suggests further weakening is on the way. All told, ... (full story)

Comment Options
    • Older Stories  
    Fed treads carefully, leaving markets anxious about tariff risks

    From finance.yahoo.com|Jun 18, 2025

    A cautious Federal Reserve has put a damper on hopes for interest rate cuts, leaving investors on edge as they navigate a murky mix of geopolitical tensions, inflation risks, and ...

    Labour Force, Australia, May 2025

    From abs.gov.au|Jun 18, 2025

    In trend terms, in May 2025: • unemployment rate remained at 4.1%. • participation rate remained at 67.0%. • employment increased to 14,636,800. • employment to population ratio ...

    US eyes this weekend as possibility for Iran attack

    From @zerohedge|Jun 18, 2025|163 comments

    *US EYES THIS WEEKEND AS POSSIBILITY FOR IRAN ATTACK US Officials Prepare for Possible Strike on Iran in Coming Days Senior US officials are preparing for the possibility of a strike on Iran in the coming days, according to people familiar with the matter, a sign that Washington is assembling the infrastructure to directly enter a conflict with Tehran. The situation is still evolving and could change, said the people, who requested anonymity to discuss private talks. Some of the people pointed to potential plans for a weekend strike. Top leaders at a handful of federal agencies have also begun getting ready for an attack, one person said. President Donald Trump has for days publicly mused about calling for such a strike on Iran, which has been engaged in a war with Israel for nearly a week.

  • Story Stats

  • Related Stories