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In May, the figure that measures the start-up of new yards rose by 3.6% to an annualized rate of 1,572,000 units, worse than the 1,630,000 units expected, but up from 1,517,000 units. in April (figure revised upwards from the previously reported 1,569,000 units).
Building permits fell by 3%, to 1,681,000 units, worse than the 1,730,000 units expected and compared to the 1,733,000 units in April (revised down from the previous 1,760,000 initially disclosed.