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Housing Completions Take a Tumble06-29-09 | News

Housing Completions Take a Tumble

Single-family housing completions in May were at a rate of 491,000; this is 9.4 percent (????????13.8%)* below the revised April figure of 542,000. - Courtesy of The Glen

It?EUR??,,????'???s going to take the housing market a few more months to recover, as the influx of foreclosures dissipates and people can secure loans again.

Privately-owned housing completions in May were at a seasonally adjusted annual rate of 811,000. This is 3.3 percent (????????20.6%)* below the revised April estimate of 839,000 and is 28.8 percent (????????11.1%) below the May 2008 rate of 1,139,000. The May rate for units in buildings with five units or more was 314,000. ?EUR??,,????'??? Courtesy of U.S. Census Bureau