Housing starts continue to increase, new data indicates - 2003-08-27
Despite some concerns about possible higher mortgage rates, housing starts in July were 1.5 percent above June numbers.
Single-family starts in July hit 1.521 million.
At the same time, permits for new residential units continue to rise.
The U.S. Department of Commerce says that building permits authorized hit a seasonally adjusted rate of 1.780 million in July.
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