Canada's June housing starts fall 3% from May

OTTAWA (Reuters) - Canadian housing starts in June fell 3% from the previous month on a decline in both multi-unit urban and single-detached starts, data from the national housing agency showed on Monday.

The seasonally adjusted annualized rate of housing starts was 273,841 units in June, beating analyst predictions of 265,000 but coming in below a revised 282,188 units in May, Canadian Mortgage and Housing Corporation data showed.

(Reporting by Julie Gordon in Ottawa; Editing by David Goodman)

You May Also Be Interested In

• UK's Frasers boosts Hugo Boss stake over 30% mandatory bid threshold
• D.R. Horton cuts annual revenue forecast as high costs dent margins
• West African bloc calls for Guinea-Bissau opposition leader's release