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US housing starts jump in June

by ChemOrbis Editorial Team -
  • 19/07/2017 (17:52)
According to data from the US Commerce Department, US housing starts recorded an increase of 7.4% month-on-month in June to 1,254,000 when compared to a revised 1,168,000 in May 2017. This number beat the economists’ expectations which were calling for housing starts to stand at 1,155,000.

Meanwhile, on a yearly basis, the housing starts also increased by 5.1%.

The data showed that building permits were also up by 8.3% to 1,215,000 in June from a revised 1,122,000 in the previous month, also beating the expectations of a rise to 1,200,000.
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