Investing.com – U.S. housing starts fell more than than expected in August while building permits also fell.
The Commerce Department said housing starts fell 5.8% to 1.142 mn units from July.
Analysts had expected a fall of 1.7% in housing starts to 1.190 mn units.
Building permits fell 0.4% to 1.139 mn units vs. forecast rise of 2.5% to 1.170 mn.