U.S. homebuilding fell in June, according to data released on Wednesday.
Housing starts decreased 12.3% to a seasonally adjusted annual rate of 1.173 million units last month, the Commerce Department said.
Economists had forecast housing starts declining to a pace of 1.320 million units last month.
Building permits fell 2.2% to a rate of 1.273 million units in June.
Economists had forecast building permits increasing to a pace of 1.330 million units last month.
