U.S. June Housing Starts Fall 5.3% to 1.850 Mln Rate

July 19 (Bloomberg) -- U.S. homebuilders started work on fewer homes in June as higher mortgage rates discouraged buyers, reinforcing expectations of slowing growth in coming months.
Housing starts fell 5.3 percent to an annual rate of 1.850 million, the Commerce Department said today in Washington. Building permits, a sign of future construction, fell 4.3 percent to a 1.862 million rate, a three-year low.