Housing Starts Flat in June

WASHINGTON - Housing starts were flat in June as a drop in groundbreaking on single-family homes was offset by higher multi-family housing construction, a Commerce Department report showed Tuesday.

June housing starts came in at a 2.004 million unit annual rate, unchanged from May, which saw starts revised down from an originally reported 2.009 million unit pace. Wall Street economists had expected housing starts to increase to a 2.045 million unit pace in June.

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Source: CNN.com