Exorbitant lumber, scarce materials hampering U.S. homebuilding

Housing starts rise 3.6% in May; April revised down Single-family starts increase 4.2%; multi-family up 2.4% Building permits fall 3.0%; single-family drop 1.6% Import prices increase 1.1%; up 11.3% year-on-year WASHINGTON, June 16 (Reuters) – U.S. homebuilding rebounded less than expected in May as very expensive lumber and shortages of other materials continued to constrain