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08/19/2020

Housing Starts Gain Ground in July

By; Robert Dietz, NAHB Chief Economist (Eye on Housing)

Housing Starts Gain Ground in July

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Single-family housing permits and starts expanded in July as housing demand and construction remains a bright spot for the overall economy. Demand is being supported by low interest rates and a renewed focus on the importance of home amid the virus crisis. Single-family starts in July were estimated by Census/HUD at a 940,000 seasonally adjusted annual rate, after a revised estimate of 869,000 for June.

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