---
title: "Weekly Transportation Update: Housing Starts Surge as Existing Homes Sales Flounder"
description: Housing starts surge in May, but sales of existing homes were weak.
image: https://today.ftrintel.com/hubfs/Hero%20Images/Shippers%20Hero%20Images/Shippers%20warehouse%202.png
---

![](https://today.ftrintel.com/hs-fs/hubfs/Hero%20Images/Shippers%20Hero%20Images/Shippers%20warehouse%202.png?width=1600&height=500&name=Shippers%20warehouse%202.png)

Economy WTU

# Weekly Transportation Update: Housing Starts Surge as Existing Homes Sales Flounder

![The FTR Experts](https://7528315.fs1.hubspotusercontent-na1.net/hub/7528315/hubfs/raw_assets/public/mV0_d-cms-elevate-theme_hubspot/elevate/images/avatar-placeholder.jpg?width=48&height=48&name=avatar-placeholder.jpg)

 The FTR Experts

June 26, 2023

Housing starts surge in May, but sales of existing homes were weak.

- New claims for unemployment benefits are holding at the highest level since October 2021.
- Truck spot rates decline during the week before the traditional seasonal run-up
- Rail carload volumes look to hold nearly steady into the fall.
- Intermodal volumes bounce back as port disruptions ease.

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## Keep reading

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