While the Commerce Department released a report on Tuesday showing a much sharper than expected pullback in U.S. housing starts in the month of August, the report also showed a much bigger than expected surge in U.S. building permits. The report said housing starts plunged by 11.3 percent to an annual rate of 1.283 million in August.
Read Full Story
- U.S. Pending Home Sales Plunge Much More Than Expected In August - September 28, 2023
- U.S. Economic Growth Unrevised At 2.1% In Second Quarter - September 28, 2023
- U.S. Weekly Jobless Claims Show Slight Uptick From Seven-Month Low - September 28, 2023