US housing starts drop to two-year low in July

In the USA, housing starts in the twelve-month period up to and including July 2022 declined by 9.6% vis à vis the preceding month to 1.446m units (July 2021-June 2022: 1.599m units), representing the lowest level in two years. The last time housing starts had been lower was in August 2020 (1.376m units). In the lat...

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