US building permits rise 2.1% in June, missing expectations

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US privately-owned housing units authorized by building permits rose 2.1% in June to a seasonally adjusted annual rate of 1.24m, according to the Census Bureau.

The market had been expecting a larger rise to 1.30m.

Housing starts jumped 17% to 1.19m, broadly in line with expectations of a rise to 1.17m.