Housing starts, building permits fall in August
But a rebound in permits for single-family dwellings suggests demand for housing remains intact
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US housing starts fell more than expected in August as building activity declined broadly after two straight months of solid increases, but a rebound in permits for single-family dwellings suggested demand for housing remained intact.
Ground-breaking decreased 5.8 per cent to a seasonally adjusted annual pace of 1.14 million units, the Commerce Department said on Tuesday. July's starts were unrevised at a 1.21 million-unit pace.
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