(Reuters) - Building permits fell 7.5 percent in June to a pace of
1.406 million units. That's just above the 1.402 million unit
rate seen in June 1997 and below the 1.48 million unit rate
that economists had expected.
Wednesday's data comes a day after a report indicating that
home-builder confidence is sinking as mortgages become more
difficult to obtain, with banks tightening their lending
standards.
Read more at Reuters.com Bonds News
1.406 million units. That's just above the 1.402 million unit
rate seen in June 1997 and below the 1.48 million unit rate
that economists had expected.
Wednesday's data comes a day after a report indicating that
home-builder confidence is sinking as mortgages become more
difficult to obtain, with banks tightening their lending
standards.
Read more at Reuters.com Bonds News
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