Blame It on the Rain: Slump in Housing Starts Driven by Record Drop in the South

Silver Linings in Permits and Year-Over-Year Trends


WASHINGTON—U.S. home construction tumbled in June due to a stretch of wet weather in the South, a decline that analysts said was likely a temporary departure from a trend of recovery in the housing market.

Housing starts sank 9.3% last month to a seasonally adjusted annual pace of 893,000. It was the weakest showing since September 2013 and the second-straight monthly drop, the Commerce Department said Thursday.

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