Housing Starts Plummet in June

The U.S. government is reporting that privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,434,000, which is 8% lower than May’s revised number and is 8.1% lower than one year ago. June’s rate for units in buildings with five units or more was 482k. Privately‐owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,440,000, which is 3.7% lower than May’s revised number and is 15.3.% lower than one year ago. Continue reading HERE...