Housing Starts Edge Down 2.2 Percent in August Following Healthy First Half

Following an exceptionally strong pace set in this year's first half, U.S. housing starts slowed 2.2 percent to a still-healthy seasonally adjusted annual rate of 1.6 million units in August, the Commerce Department reported. The decline was confined entirely to the single-family sector and was largely focused in the Midwest, where rainfall was above normal for the month.

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