U.S. Housing Starts Rise in August

U.S. Housing Starts Rise in August

Sep 19, 2018

U.S. homebuilding rose in August, according to data released on Wednesday.

Housing starts increased 9.2% to a seasonally adjusted annual rate of 1.282 million units last month, the Commerce Department said.

Economists had forecast housing starts rising to a pace of 1.235 million units last month.

Building permits fell 5.7% to a rate of 1.229 million units in August.

Economists had forecast building permits decreasing to a pace of 1.310 million units last month.

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