The United States experienced a notable decline in building permits and housing starts in May 2024. Building permits fell by 3.8% month-over-month to 1.386 million, significantly below the expected 0.7% increase and the previous month's decline of 3.0%. Housing starts also saw a substantial decrease, dropping by 5.5% to 1.277 million, compared to the expected 0.7% increase and the previous month's figure of 1.352 million. Additionally, existing home sales in May fell by 0.7% to 4.11 million, slightly above the expected 4.08 million but lower than the previous month's 4.14 million. This marks the lowest level of existing home sales since January 2024. The leading indicator for May fell by 0.5% month-over-month, compared to the expected -0.3%.
๐บ๐ธ United States Existing Home Sales (May) $USD Actual: 4.11M ๐ข Expected: 4.08M Previous: 4.14M
โ ๏ธBREAKING: *U.S. MAY EXISTING HOME SALES FALL -0.7%% TO 4.11 MILLION; EST. 4.08M; PREV. 4.14M *LOWEST SINCE JANUARY 2024 ๐บ๐ธ ๐บ๐ธ https://t.co/NzISBJQuZs
๐บ๐ธ United States Existing Home Sales (MoM) (May) $USD Actual: -0.7% Previous: -1.9%
US LEADING INDEX (MOM) (MAY) ACTUAL: -0.5% VS -0.6% PREVIOUS; EST -0.4% U.S EXISTING HOME SALES (MAY) ACTUAL: 4.11M VS 4.14M PREVIOUS; EST 4.08M U.S EXISTING HOME SALES (MOM) (MAY) ACTUAL: -0.7% VS -1.9% PREVIOUS
*US MAY LEADING INDICATOR FALLS 0.5% M/M; EST. -0.3% *US MAY EXISTING HOME SALES FALL 0.7% TO 4.11 MILLION RATE https://t.co/IFWQBIosVT
*US MAY EXISTING HOME SALES FALL 0.7% TO 4.11 MILLION RATE $SPY
U.S EXISTING HOME SALES (MAY) ACTUAL: 4.11M VS 4.14M PREVIOUS; EST 4.08M U.S EXISTING HOME SALES (MOM) (MAY) ACTUAL: -0.7% VS -1.9% PREVIOUS
US MAY EXISTING HOME SALES AT 4.11M; EST. 4.10M US MAY EXISTING HOME SALES FALLS 0.7% M/M; EST. -1.0%
*US MAY EXISTING HOME SALES FALL 0.7% TO 4.11 MILLION RATE
U.S HOUSING STARTS (MAY) ACTUAL: 1277K VS 1360K PREVIOUS; EST 1370K U.S BUILDING PERMITS (MAY) ACTUAL: 1386K VS 1440K PREVIOUS; EST 1450K U.S HOUSING STARTS (MOM) (MAY) ACTUAL: -5.5% VS 5.7% PREVIOUS; EST 0.7% U.S BUILDING PERMITS (MOM) (MAY) ACTUAL: -3.8% VS -3.0% PREVIOUS;โฆ
๐บ๐ธ *US MAY HOUSING STARTS 1.277M; EST. 1.370M - BBG *US MAY HOUSING STARTS FALL 5.5% M/M; EST. +0.7% *US MAY BUILDING PERMITS 1.386M; EST. 1.450M *US MAY BUILDING PERMITS FALL 3.8% M/M; EST. +0.7%
US MAY HOUSING STARTS -5.5% TO 1.277M; CONSENSUS +1.5% BUILDING PERMITS -3.8% TO 1.386M RATE IN MAY
๐บ๐ธ Building Permits MoM Prel (May) Actual: -3.8% Expected: 0.7% Previous: -3% https://t.co/jSTbXk4dwT
US MAY BUILDING PERMITS AT 1.386M; EST. 1.450M US MAY BUILDING PERMITS FALLS 3.8% M/M; EST. 0.7% US MAY HOUSING STARTS AT 1.277M; EST. 1.370M US MAY HOUSING STARTS FALLS 5.5% M/M; EST. 0.7%
๐บ๐ธ United States Housing Starts (MoM) (May) $USD Actual: -5.5% ๐ด Expected: 0.7% Previous: 4.1%
๐บ๐ธ United States Housing Starts (May) $USD Actual: 1.277M ๐ด Expected: 1.370M Previous: 1.352M
๐บ๐ธ United States Building Permits (MoM) (May) $USD Actual: -3.8% ๐ด Expected: 0.7% Previous: -3.0%