US housing starts rose to a five-month high in July, led by construction of multi-family units. Newly issued permits for housing construction, however, fell to a five-year low, suggesting that the outlook for residential building is still bearish.
US housing starts rose to a five-month high in July, led by construction of multi-family units. Newly issued permits for housing construction, however, fell to a five-year low, suggesting that the outlook for residential building is still bearish.