The new residential construction rate in the USA dropped to the slowest in four years in May. The reason is that earlier this year, the development momentum of the housing industry weakened due to interest rate hikes. Government data released on Thursday showed that the amount of new housing starts decreased by 5.5% last month, with an annualized total of 1.277 million households, lower than market expectations. The monthly rate of construction permits for future construction also declined by 3.8%. The starts and permits for both multi-unit and single-unit residential units decreased significantly.
美国新屋开工速度降至四年来最慢
USA's new residential construction rate has slowed to the slowest in four years.
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