Housing starts in the US fell sharply in June, following a surge in May that saw starts on single-family projects reach an 11-month high.

The decline was in part due to a decrease in starts on multi-family projects, which fell 9.8% in June. Single-family starts also declined, but by a less severe 4.3%.

Overall, housing starts are down 3.1% from June 2018. Housing starts are a key indicator of future economic activity, as they provide a measure of demand for housing and also act as a leading indicator of future construction activity.

You can read this full article at: https://www.housingwire.com/articles/housing-starts-surprised-on-the-downside-reflecting-headwinds/(subscription required)

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