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MNI: US DATA: MAY HOUSING STARTS +4.3%; PERMITS......>

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MNI: US DATA: MAY HOUSING STARTS +4.3%; PERMITS +14.4%
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-US MAY BUILDING PERMITS +14.4% TO 1.220M 
-US MAY HOUSING STARTS +4.3% TO 0.974M
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U.S. housing starts increased 4.4% in May to a SA annual rate of 0.974 million
after reaching 0.934 million in April (prev 0.891), though starts were still
down -23.2% from one year ago. Building permits rose by 14.4% last month to a SA
annual rate of 1.220 million in May, the highest since March and suggesting
building activity will likely continue to grow over the summer. Permits were
down -8.8% from one year ago. Completions shrank by -7.3% m/m to a 1.115 million
pace, and declined by -9.3% from a year earlier.

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