Housing construction weaker than expected in the U.S.

Housing construction in the U.S. rose 1.7 percent in July, compared with the month before, to a seasonally adjusted annual rate of 546 000 dwellings. Analysts had anticipated that the construction would have risen 2.0 percent, to an annual rate of 560 000 homes, according to Bloomberg News forecast average.

The number of building permits fell by 3.1 percent while compared with the month before, to an annual rate of 565 000 (expected 580 000). The construction of apartment buildings rose 33 percent to an annual rate of 114 000, while the construction of family houses fell 4.2 percent to an annual rate of 432 000. In June, housing construction to a revised annual rate of 537 000 dwellings (549 000), resulting in a revised decline of 8.7 per cent in May (-5.0).

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Related articles; Unexpected decrease in sold homes in U.S.

House sales in the U.S. increases in April 2010 compared with 2009.

Sales of new single family houses in the U.S. rose by 26.9 % in March

Sales of existing property in the U.S. have increased the first quarter of 2010.

Continued bankings death in the U.S.

More than expected, buying homes in the U.S.


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