US Housing Market Starts Nearly 1-1/2 Year Low; factory output bounces back
Home start-up drops 9.6%; building permits fall 1.3% Single-family start tumbles 10.1%; licenses decrease 4.3% Home construction backlog is up 5.0% Manufacturing production recovers 0.7% WASHINGTON, Aug. 16 (Reuters) – US housing construction fell to its lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and building materials prices, suggesting … Read more