Blame a 1% drop in housing starts in July on a big decline in the volatile multifamily category. Single-family homes remained in an upward trend, rising 1.7%
Building permits, which provide a peek at future activity, were also down a modest 1.8%, but single-family permits were up a solid 5.8% as the outlook for the industry continues to brighten.
One potential cloud on the horizon: the expiration of the $8,000 tax credit on November 30 for first-time home buyers.
Details at Examiner.com.
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