Investing.com – U.S. housing starts rose more than expected in July while building permits fell.
The Commerce Department said housing starts rose 2.1% to 1.211 mn units from June.
Analysts had expected a fall of 0.8% in housing starts to 1.180 mn units.
Building permits fell 0.1% to 1.152 mn units vs. forecast rise of 0.6% to 1.160 mn.