(CercleFinance.com) – The Department of Commerce reports an 11.3% drop in housing starts in the United States in August, to 1,283,000 at an annualized rate, a level well below market expectations. economists.
On the other hand, building permits for American housing – supposed to foreshadow future housing starts – increased by 6.9% to 1,543,000 at an annualized rate last month, thus coming out well above the market consensus.
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