New Home Construction Up in July, Not As Much as Expected
Surprise!
New home construction in the U.S. was up sharply in July, according to date released by the Commerce Department Friday morning. However, the rise in housing starts was not as large as many economists were predicting.
Construction on new U.S. homes rose 5.9 percent in July to a seasonally adjusted annual rate of 896,000. The consensus forecast called for July housing starts to increase 8.9 percent to an annual rate of 910,000.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?