May’s New Residential Construction report found that 1.256 million units were started, 9.8% lower than April’s revised rate of 1.392 million.
The Index of Consumer Sentiment rose for the first time in six months, to a preliminary reading of 60.5 in June.
In May, the Consumer Price Index (CPI) rose 0.1% on a month-over-month basis after a 0.2% increase in April.
The U.S. economy added 139,000 jobs in May, according to the Employment Situation report conducted by the Bureau of Labor Statistics (BLS).
The unemployment rate remained at 4.2%, with 7.2 million people unemployed. It has stayed within the range of 4.0% and 4.2% since May 2024.
May’s New Residential Construction report found that 1.256 million units were started, 9.8% lower than April’s revised rate of 1.392 million.
In mid-June, the Federal Reserve announced it would hold rates steady for the fourth consecutive meeting.