Housing starts for June to be released tomorrow
All eyes are on the residential construction report for June, to be released by the Commerce Department Tuesday, July 19.
Analysts are expecting starts to come in at a seasonally adjusted annual rate of about 570,000. If correct, that would be a 1.8% increase over housing starts for May. Starts have been under the 600,000 mark since January, when they were at a pace of 636,000.
Tuesday's residential construction report will also release building permits, which are expected to be between 600,000 and 609,000 as a seasonally adjusted annual rate in June, compared with 609,000 in May.