Economic

Economic

U.S. housing starts declined 6.8% in July to about 1.2 million units.

U.S. housing starts took a steep dive in July, dropping 6.8% to a seasonally adjusted annual rate of around 1.238 million units. Compared to last year, that's a 16% decrease, with the single-family home sector getting hit the hardest—a 14.1% drop in starts.