SMM, 20 Sep: the US Business Department announced that the annual discount rate for new housing starts increased to 1.282 million units in August and 1.174 million units in July. A total of 64 economists had forecast between 1.15 million and 1.3 million new housing starts.
The number of construction permits in the United States fell to 1.229 million, from 1.303 million in July, compared with a previous estimate of 1.31 million. Previously, 40 economists had forecast between 1.2 million and 1.345 million sets of building permits. Building permits in the United States fell 5.7% in August and increased by 0.9% in July.
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