Arab Today, arab today us housing starts fall to 10 month low
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

US housing starts fall to 10 month low

Arab Today, arab today

Arab Today, arab today US housing starts fall to 10 month low

Washington - SPA

U.S. housing starts and permits for future home construction fell unexpectedly in June, the government reported Wednesday, providing further evidence of a sharp slowdown in economic activity in the second quarter. The Commerce Department said groundbreaking on new housing construction fell 9.9 percent to an annual rate of 836,000 units last month, the lowest level since August 2012. Housing starts in May were at an annual rate of 928,000. Permits to build homes, a gauge of future construction plans, fell 7.5 percent in June to a 911,000-unit pace. The volatile apartment sector accounted for the unexpected decline in housing starts and permits, suggesting that the housing recovery remains intact. In June, starts of single-family homes, the biggest segment of the market, fell 0.8 percent to a 591,000-unit annual pace, the lowest since November. Starts for multi-family homes plunged 26.2 percent to a 245,000-unit pace. Permits for apartments fell 21.4 percent to a 287,000-unit pace, but permits for single-family homes rose 0.6 percent to a 624,000-unit pace, the highest since May 2008. The mixed housing-starts report was the latest indication that economic growth likely slowed sharply from the first quarter\'s 1.8 percent annual rate. The economy has been hit by tighter fiscal policy and slowing global demand.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us housing starts fall to 10 month low Arab Today, arab today us housing starts fall to 10 month low

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us housing starts fall to 10 month low Arab Today, arab today us housing starts fall to 10 month low

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday