Housing Goes Up 4.3% in May

U.S. building permits jump 14.4% in May, signaling faster housing rebound.

The numbers: Construction of new houses rose 4.3% in May as a reopening U.S. economy and ultra-low mortgage rates drew more buyers and encouraged builders to start to speed up work.

Housing starts climbed to an annual rate of 974,000 last month from a five-year low of 934,000 in April, the Commerce Department said Wednesday. It was the first increase since January.

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