WASHINGTON, May 16 (Reuters) - Commerce Department housing starts, building permits and housing completions data. Starts and building permits with percent changes, seasonally adjusted annual rates in 1,000s of units:
But permits, an indicator of builder confidence in future sales, rose 1.2 percent last month, partially reversing a decline seen in March, the Commerce Department said.
The Commerce Department said groundbreaking for new homes slid to a seasonally adjusted 1.630 million unit annual rate -- their lowest level since April of last year -- from a downwardly revised 1.748 million clip in March. Starts fell well short of the expectations of analysts polled by Reuters, who had forecast a slip to a 1.736 million pace.
Starts of structures with five or more units fell 22.5 percent to a 244,000 annual rate, the lowest level since January 1997. ((Reporting by Mark Felsenthal, [email protected]))
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