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LATEST US DATA

US housing starts and permits rebound in June

But construction activity remains constrained by rising lumber prices, labour and land shortages

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Housing starts jump 8.3 per cent to a seasonally adjusted annual rate of 1.22 million units, the highest level since February as both single-family and multi-family construction increased.

Washington

US homebuilding rebounded more than expected in June after declining for three straight months, but construction activity remains constrained by rising lumber prices, labour and land shortages.

Housing starts jumped 8.3 per cent to a seasonally adjusted annual rate of 1.

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