U.S. single-family homebuilding fell in June, but permits for future construction rose to a 12-month high as a severe shortage of previously owned houses for sale supports new construction.

The numbers: Construction of new U.S. homes rose 3% in June as builders scaled up new projects. Housing starts rose to a 1.35 million annual pace from 1.31 million in May, the government said ...

The number of housing starts ticked up in June despite pressure from high mortgage rates, reassuring news for an economy that has seen soaring housing prices.

Single-family housing starts, which account for the bulk of homebuilding, jumped 6.7% to a seasonally adjusted annual rate of 983,000 units last month. They rose 9.5% year-on-year in July.

U.S. housing starts unexpectedly surged in May by the most since 2016 and applications to build increased, suggesting residential construction is on track to help fuel economic growth. Beginning ho… ...

US housing starts unexpectedly climbed last month off May's upwardly revised level as multi-family building projects gained steam, government data showed Wednesday.

US housing starts increased in April, adding to evidence that residential real estate is gradually recovering after a yearlong slump. Beginning home construction rose 2.2% to a 1.4 million ...

WASHINGTON (Reuters) - U.S. single-family homebuilding fell to an eight-month low in June amid higher mortgage rates, suggesting the housing market was likely a drag on economic growth in the ...

U.S. housing starts rose in June, indicating increased optimism in the market that mortgage rates will cool. Here are the main takeaways from the Commerce Department's report released Wednesday.

US new-home construction unexpectedly fell in November as a drop in multifamily projects mitigated a rebound in starts of single-family houses, solely in the storm-ravaged South. Housing starts ...

By Aarthi Swaminathan U.S. housing starts exceeded expectations on Wall Street The numbers: Construction of new U.S. homes rose 3% in June as builders scaled up new projects. Housing starts rose ...

U.S. housing starts give an indication of the pace of home building. Photo: Getty Images/iStockphoto The numbers: Construction of new U.S. homes rose 3% in June as builders scaled up new projects.