U.S. Housing Starts Fall to 2.009 Million Annual Pace in August

U.S. Housing Starts Fall to 2.009 Million Annual Pace in August

Bloomberg.com: "U.S. housing starts fell 1.3 percent last month, keeping construction on pace to surpass last year's total, which was the highest since 1978, a government report showed.

Builders broke ground on 2.009 million housing units at an annual rate in August compared with a revised 2.035 million the month before, the Commerce Department said today in Washington. Building permits, a sign of future construction, fell to a 2.124 million annual rate from 2.171 million in July."