Tuesday, August 16, 2011

Housing starts slip 1.5% in July

And the beat goes on...
WASHINGTON (MarketWatch) — Housing starts slipped 1.5% in July, according to data released Tuesday that highlight the lack of demand for new homes.

Starts fell to a seasonally adjusted annual rate of 604,000, down from a downwardly revised 613,000 rate in June, the Commerce Department said.

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