July US housing starts fell 12.4% month-on-month to 1.239 million, below expectations, while building permits rose 5.0%.
US housing starts declined to an annualized 1.239 million in July, missing the 1.350 million forecast and dropping 12.4% from June. The decline was broad-based, with single-family starts and completions also falling, though completions dropped 9.1% month-on-month.
Building permits, a forward-looking indicator, rose 5.0% to 1.443 million, suggesting future construction activity may stabilize. The data follows mixed economic reports, including weaker-than-expected industrial production and import prices.
Bitcoin briefly reclaimed $64,000 but remains in a cautious recovery phase amid broader market uncertainty.