After reporting a steep drop in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday unexpectedly showing a continued decline in housing starts in the month of June.
The Commerce Department said housing starts slumped by 2.0 percent to an annual rate of 1.559 million after plunging by 11.9 percent to a revised rate of 1.591 million in May.
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