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8/16, 2:31 PM (Source: TeleTrader)
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US housing starts tumble nearly 10% to 1.45M in July

Privately‐owned housing units approved by building permits in the United States during July declined 1.3% versus June to 1.67 million, according to the latest report published by the Census Bureau on Tuesday.

In the same period, privately‐owned housing starts in July plunged by 9.6% to 1.45 million. Single‐family housing starts rose 10.1% to 916,000, while the rate for units in buildings with five units or more stood at 514,000.

Privately‐owned housing completions increased by 1.1% to 1.42 million in July compared to the previous month.

Baha Breaking News (BBN) / ND