Silver Linings in Permits and Year-Over-Year Trends
By ALAN ZIBEL and KRIS HUDSON
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.