U.S. housing construction increases 3.9 pct in July

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U.S. housing construction increases 3.9 pct in July

STORY: U.S. housing construction increases 3.9 pct in July DATELINE: Aug. 18, 2023 LENGTH: 00:01:02 LOCATION: Washington D.C. CATEGORY: SOCIETY SHOTLIST: 1. various of a construction site in Arlington, the U.S. state of Virginia 2. various of local residential areas STORYLINE: U.S. new home construction increased by 3.9 percent in July, according to figures released Wednesday by the U.S. Department of Commerce. Housing starts climbed to an annual level of 1.45 million units, which narrowly beat economists' estimates of 1.44 million units. Building applications, a measurement of future projects, increased 0.1 percent to the tune of an annual 1.44 million units. Still, building permits have dropped 13 percent since the same period a year ago. Xinhua News Agency correspondents reporting from Washington D.C. (XHTV)

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