New Housing starts fell in June = Construction Declined by 5% in June - lowest level since Oct

[mEDITate-OR:

not see that this is a very mixed message = single family homes vs condos & apartments

But driving the June decline was a more than 20 percent drop in condominium and apartment construction, which makes up a small but volatile portion of the housing market. Construction of single-family homes, the largest part of the market, was down slightly. It dropped 0.7 percent.

This disparity, between single and multi unit construction, distorts this report every single month.

This "additional info" used to be provided ONLY by Bloomberg, now ONLY reporting now is AP.

Go figure.

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Housing starts fell in June

http://www.azcentral.com/business/realestate/articles/2010/07/20/20100720biz-housingstarts0720.html#ixzz0uR30ypBh

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July 20, 2010

U.S. Home Construction Declined by 5% in June

http://www.nytimes.com/2010/07/21/business/economy/21econ.html
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Home construction sinks to lowest level since Oct.
http://www.google.com/hostednews/ap/article/ALeqM5gNiyJ905Ho0Ur96V2TQhsBX19lGwD9H2T25G0
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