8 days ago • Posted by William Ramstein

US housing starts a 3 month high, permits fall

US housing starts jumped 6.3% mom to an annual rate of 1.643 million in June, the highest in 3 months and above forecasts of 1.59 million, amid strong demand from buyers, elevated materials costs and shortage of qualified workers. Meanwhile, building permits dropped 5.1% to 1.598 million, the third straight period of decline, and missing market expectations of 1.7 million.