U.S. Housing Starts Climbed to Five-Month High in June

Jul. 19, 2011 - July 19 (Bloomberg) -- Housing starts in the U.S. rose more than forecast in June to the fastest pace in five months, led by a surge in work on multifamily dwellings like apartments. Work began on 629,000 houses at an annual pace, up 14.6 percent from the prior month, figures from the Commerce Department showed today. Building permits, a sign of future construction, unexpectedly climbed 2.5 percent. Carol Massar and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg) (/Bloomberg) Correction: Clarification:

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