In May, the volume of housing construction decreased by 6.5%

In May, the volume of housing construction decreased by 6.5%

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In May, the volume of housing construction decreased by 6.5%

In May, new home construction in the U.S. fell by 6.5% and amounted to 1 million a year, proving that the long-awaited revival of the construction sector is still difficult to achieve. A number of building permits, the indicator of future demand, fell by 6.4% to $ 991,000 per year, at least four months, said Tuesday as the Department of Labor.

Economists surveyed by MarketWatch, expect that number to fall 1.02 million per year, seasonally adjusted. In April, the number of building permits has not changed from the original index, accounting for 1.08 million in May began to decline in the construction of both single-family homes and more volatile segment of apartment houses. Indicators of housing construction rose slightly in the northeast and Midwest, but fell by 7.3% in the South and 15.2% in the West.

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