Reuters
U.S. housing starts fell more than expected in August, but a rebound in building permits pointed to sustained strength in the housing market, which should support economic growth.
Groundbreaking dropped 3.0 percent to a seasonally adjusted annual pace of 1.13 million-units, the Commerce Department said on Thursday. July’s starts were revised down to a 1.16 million-unit rate from the previously reported 1.21 million-unit pace.