By Jack Duffy
PARIS (MNI) - France's housing starts and building permits fell in the
three months through May, while longer-term trends continued to point to
increased construction activity this year.
Starts declined by 4.5% in the May-March period compared with the previous
three months, while permits fell by 1.1%, the Ministry for Housing and
Development said Tuesday.
For the 12 months through May, builders broke ground on 355,600 new homes,
up 5.2% compared the previous 12 months, while building permits amounted to
402,900, a 9.9% increase, the ministry said.
After a multi-year slump, France's construction industry has been
recovering, with record low interest rates spurring increased sales of new