Is the Housing Recovery Theme Getting Demolished?

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

For the third consecutive month, housing starts in the U.S. came in weaker than expected this past week, providing a clear warning that the housing recovery is still on shaky ground.

Builders broke ground on houses at a seasonally adjusted annual rate of 836,000 units in June, representing a 9.9 percent decline from the upwardly revised May estimate of 928,000 units, according to the U.S. Department of Commerce. It was the lowest rate since August 2012, and the second largest sequential drop since 2011.

Screen Shot 2013-07-17 at 8.55.14 AM

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business