(MENAFN) The Commerce Department posted that US home-building has witness a decline in the preceding month as the construction of multi-family houses fell to a 10-month low.
Moreover, housing starts has decreased by 4.8% to reach a seasonally adjusted annual rate of 1.16mn units, affected by a reduction in groundbreaking on single-family programs.
On the other hand, the country's June sales pace was downgraded to hit 1.21mn units compared with the previously alleged of 1.22mn units.
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