StockMarketWire.com - US privately-owned housing units authorized by building permits jumped 18.8% in July to a seasonally adjusted annual rate of 1.50m, according to the Census Bureau.

The market had been expecting a more modest rise to 1.33m.

Housing starts leapt 22.6% to a seasonally adjusted annual rate of 1.50m, ahead of market expectations for a rise to 1.23m.


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