HOUSING STARTS DECLINE 1.3 PERCENT IN MAY
Total housing starts across the country as reflected by the number of building permits pulled in May fell 1.3 percent to 969,000, down from 982,000 in April according to new data from the U.S. Census Bureau and the Dept. of Housing and Urban Development. Permits for single-family authorizations for the month dipped 4 percent to 623,000, down from 649,000 in April.
**Taken from the California Association of Realtors Bulletin, dated June 18th, 2008.
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