U.S. Housing Starts Fell 5% to 549,000 in June

Before you go, we thought you'd like these...
Before you go close icon
U.S housing starts fell 5% to a seasonally adjusted annual rate of 549,000 in June as apartment construction and single-family houses dropped.

The number of single-family housing starts fell 0.7% to an annual rate of 454,000, the Commerce Department said in a statement.

Economists surveyed by Dow Jones Newswires expected housing starts to fall 3.2% to 574,000.

Still, there was some good news: privately owned housing units authorized by building permits rose 2.1% to an annual rate of 586,000 in June.
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners