US housing construction increases 39 pct in July

WASHINGTON, Aug. 17 (Xinhua) — 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…Read More