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June Housing Starts -0.9% To Below-Expected.>

US DATA
US DATA: June Housing Starts -0.9% To Below-Expected 1.253M SAAR
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- June housing starts -0.9% to 1.253m SAAR vs 1.260m BBG & MNI
- June permits -6.1% to 1.220m SAAR vs 1.300m exp by BBG, MNI. 
- The data show Q2 total starts higher than Q1, but 1-family lower 
- June 1-family starts +3.5%, multi-family -9.2%. 
- June 1-family permits +0.4%, multi-family -16.8%
- May starts rev down to 1.265m SAAR, April rev down to 1.270m SAAR.
- Housing under construction +0.5%, completions -4.8%.

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