Loading ...Construction of New U.S. Homes Declines on Plunge in South
Beginning home construction unexpectedly declined in June to a nine-month low as a record plunge in the South swamped gains in the rest of the U.S.
Housing starts fell 9.3 percent to an 893,000 annualized rate from a 985,000 pace in May that was weaker than initially estimated, figures from the Commerce Department showed today in Washington. The median estimate of 79 economists surveyed by Bloomberg called for a 1.02 million rate.