WASHINGTON, DC-The Commerce Department has reported that thehousing starts has fallen by 5% and has adjusted to a seasonal rateof 549,000 units. Since October 2009, this is the lowest and alsothe second straight fall. Experts had anticipated it to fall to580,000-unit rate.
Compared to May, there was a 5.8% drop in June 2010, the biggestfall since November 2009. Despite the fall, there was a 2.1%increase in building permit applications, which stood at a586,000-unit annual pace. For the full story, go toReuters.
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