Real Estate

Home builders slow down construction in July

After rebounding in June, housing starts sank once more in July, according to the latest joint report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Privately-owned housing starts dropped to a seasonally adjusted annual rate of 1.16 million in July, down 4.8% from June’s 1.18 million and 5.6% from 1.22 million in July last year, the report showed.

However, this drop was lead primarily by a drop in multif…
Real Estate