U.S. housing starts fall further in August
U.S. housing starts fell to an annual rate of 1.309 million in August, according to a Commerce Department report released Thursday.
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01:13:40 PM UTC
SquawkNews
US single-family homebuilding increased in August, but a drop in permits for future construction suggested the improvement was likely temporary as rising inflation because of the war in the Middle East boosts mortgage rates.Single-family housing starts, which account for the bulk of homebuilding, j…
S. unexpectedly weakened further in August, according to a Commerce Department report released Thursday. 309 million in August.