US house building starts dive in June: official data
July 18, 2014, 12:15 am TWN
WASHINGTON--New U.S. home construction fell sharply in June, and building permits also dropped, official data showed Thursday in a report signaling persistent weakness in the housing market.
Housing starts dived 9.3 percent in June, to an annual rate of 893,000 units, their lowest level since September, the Commerce Department said.
Building permits, a forward-looking indicator of housing construction, fell 4.2 percent to a rate of 963,000 units.