U.S. housing

U.S. housing Residence permit applications, which must show pre-service, fell 3% in May to a one-year average of 1.68 million.

WASHINGTON: U.S. housing rose 3.6% in May when homeowners struggled with higher wood prices that made housing more expensive.

The May increase left an annual building of 1.57 million units, the Commerce Department said Wednesday.

Residence permit applications, which must show pre-service, fell 3% in May to a one-year average of 1.68 million.

Houses became one of the most popular recreational areas during the plague.

But economists believe last year’s home flooding may be slow to start, especially in single-family families.

“We think a lot of people will start to move around for the 2021 fan,” said Nancy Vanden Houten, chief economist at Oxford Economics. “The rigid demand, testing, and maintenance of good building materials keep the building going, but builders still have problems finding it could be a struggle or anything there. It’s better to delay construction. “

There is only one break. Prices for timber, which have risen sharply this year, are starting to decline, and speculation is said to have started with the price of timber starting to decline.

Rising prices and low responsibility are to blame for lower confidence this month, a survey by the National Association of Home Builders / Wells Fargo said this week, the lack of trust on all parties. June 81, above.

Family work is this year. The total construction tax that started at 3.6% in May was followed by a 12.1% fall in April, followed by a flood of 19.2% in March that pushed for the first quarter. 1.73 million units, accelerating the rate since buildings collapsed during 2000.

In May, an increase of 3.6% represents a 4.2% increase in single-family homes to 1.1 million and a 4% increase in rental housing, respectively, to 455,000 units.

In that region, construction fell sharply by 22.4% in the Northeast but rose in all other areas. Revenue generated a 29.9% increase in the Midwest. The construction increase was 3.8% in the south and 1% in the west.

The National Vendors Association released a statement on Wednesday, saying there was a “small gap in construction” between sales of 5.5 million buildings and 6.8 million due to decades of construction. No planting in buildings.

Growth in the world of conservation has slowed since the beginning of this century and has affected all regions of the country, the report said.

“The situation for U.S. caregivers … is particularly dangerous because of the lack of affordable and affordable housing,” he said in a report, advising officials to work to remove barriers. in the new development.

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