(Reuters) - Housing starts dropped 4.2 percent to a seasonally adjusted
annualized rate of 225,500 units in June, down from an upwardly
revised 235,200 units in May. Analysts polled by Reuters had
expected 216,500 starts in June.
"Following a significant increase in May, the volatile
multiple segment lost most of the ground it gained in June,"
Bob Dugan, chief economist at CMHC, said in a statement.
"Although housing starts will remain high in 2007, they are
expected to resume a gradual decreasing trend.
Read more at Reuters.com Economic News
annualized rate of 225,500 units in June, down from an upwardly
revised 235,200 units in May. Analysts polled by Reuters had
expected 216,500 starts in June.
"Following a significant increase in May, the volatile
multiple segment lost most of the ground it gained in June,"
Bob Dugan, chief economist at CMHC, said in a statement.
"Although housing starts will remain high in 2007, they are
expected to resume a gradual decreasing trend.
Read more at Reuters.com Economic News
No comments:
Post a Comment