Construction of new homes in the United States grew by 17.2% in May 2009

Construction of new homes in the United States increased by 17.2% in May 2009 – up to 532 thousand units compared with the previous month. Such data is written in the report of the Ministry of Commerce (US Department of the Treasury). Experts predicted that the value of the indicator would be at the level of 500 thousand units. The rate for May of this year fell by 45.2% compared with the value in May of last year.

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In May, the number of permits issued for construction of new homes rose by 4% – up to 518 thousand units compared to April. The number of permits for the construction of new homes declined by 47% in May 2009 compared to May last year.

Construction of new homes in the United States grew by 17.2% in May 2009
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