US Housing jump in June

Homebuilding in the U.S. increased in June with reports of rising demand for housing in low-density areas as companies allowed employees to work from home due to the pandemic. On Friday, the Ministry of Commerce said housing starts rose 17.3% to a seasonal annual rate of 1.186M. May data was revised to 1.011 from the previously recorded.

Economists had expected an increase of 1.169M units.