WRAPUP 2-U.S. homebuilding rises moderately; jump in permits hints at green shoots
U.S. homebuilding increased
less than expected in May, but a strong rebound in permits for
future home construction suggested the housing market was
starting to emerge from the COVID-19 crisis along with the
broader economy.
less than expected in May, but a strong rebound in permits for
future home construction suggested the housing market was
starting to emerge from the COVID-19 crisis along with the
broader economy.
Posted by Reuters
