Small font size A Larger text size A Largest text size A

May US Housing Starts, Permits Both Decline Below Expectations

BY MT Newswires | ECONOMIC | 06/18/25 08:43 AM EDT

08:43 AM EDT, 06/18/2025 (MT Newswires) -- May housing starts fell by 9.8% from the previous month to a 1.256 million annual rate, below expectations compiled by Bloomberg as of 7:30 am ET for a 1.35 million rate after an increase to a 1.392 million pace in April.

Building permits decreased by 2% to a 1.393 million rate in May, below the 1.42 million rate expected and following a decline to a 1.422 million rate in April. Homes permitted but not started increased, so the outlook is mixed for a starts rebound next month.

Home completions increased by 5.4% to a 1.526 million rate after a 7.5% drop in the previous month. Completions were down 2.2% year-over-year.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

PRECIOUS-Gold rises on dollar weakness; traders eye Fed rate cut BY Reuters |ECONOMIC 12:57 AM EST
ETH, ADA, XRP Lead Gains as Bitcoin Edges Higher on Fed Rate Cut Expectations BY Coindesk |ECONOMIC 12:40 AM EST
JGB yields perched at multi-year peaks as BOJ rate hike bets rise BY Reuters |ECONOMIC 12:39 AM EST
GLOBAL MARKETS-Stocks, bonds cautiously hopeful Fed will deliver BY Reuters |ECONOMIC 12:38 AM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article