U.S. Housing Starts Rose More Than Forecast in June

U.S. Housing Starts Rose More Than Forecast in June Play

July 18 (Bloomberg) -- Beginning construction of U.S. homes rose more than forecast in June to the fastest rate in almost four years, indicating a brighter outlook for the residential real estate market. Housing starts rose 6.9 percent last month to a 760,000 annual pace after a revised 711,000 rate in May that was faster than initially estimated, the Commerce Department reported today in Washington. Betty Liu and Sara Eisen report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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