Housing starts occurred at a 1.19 million seasonally adjusted annual rate in June, the Commerce Department said Friday, representing a 17% increase from May. Permitting activity for newly-built homes rose 2.1% between May and June to a seasonally adjusted annual rate of 1.24 million. Housing starts nearly met the consensus forecast of economists polled by MarketWatch - they estimated new home construction to take place at a 1.2 million-unit annual rate. Building permits fell slightly short of economists' consensus forecast of 1.3 million.
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July 17, 2020 at 07:36PM
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Housing starts continue to rebound from coronavirus-fueled lows - MarketWatch
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