Housing starts fall by 2% in June, to 1.56 million,.
The numbers: Construction started on new U.S. homes fell a seasonally adjusted 2% in June to 1.56 million, the Commerce Department said Tuesday. The annual rate of total housing starts fell 6.3% from the previous year.Economists polled by the Wall Street Journal expected... The numbers: Construction started on new U.S. homes fell a seasonally adjusted 2% in June to 1.56 million, the Commerce Department said Tuesday. The annual rate of total housing starts fell 6.3% from the previous year.
Permits for single-family homes fell 8% in June, while permits in buildings with at least five units rose 13.1%. The pace of permits for single-family homes surged in the Northeast by 18% and in the West by 5.8%, but plunged in the Midwest by 15.7%. Permits issued in the South dropped by 2.1%.
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