Home Construction Starts Jumped in June, Buoying Builders

August 10, 2020
Prashant Gopal - Bloomberg

U.S. home construction starts rose 17% in June, with builders ramping up production as lockdowns eased.

Residential starts jumped to an annualized rate of 1.19 million, according to a government report released Friday. That matched the median forecast in a Bloomberg survey. The month-over-month increase was the biggest since October 2016, while the rate remains 4% below the level in June 2019.



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