A Rough Month for Housing Construction

Residential construction in the US tumbled last month, according to the Census Bureau’s June report. Housing starts dropped a hefty 9.9% to a seasonally adjusted annual rate 836,000, the lowest since last August. The decline was substantially below expectations, and the red ink is compounded by the fact that newly issued building permits also retreated, [...] View the full post at: A Rough Month for Housing Construction Related posts: April housing surprise Housing Starts Higher than Expected: Is that Green Shoot a Weed? A Little Ray of Sunshine in Housing Starts