US housing starts surged in July, rising 5.2% to 1.428 million, exceeding expectations of a 1.8% decline. However, building permits dropped 2.8% to 1.354 million, missing forecasts. The data suggests a disparity between current construction activity and future permitting trends. Companies like D.R. Horton, Home Depot, and Lowe’s are directly affected by these housing market shifts. Stay tuned for updates on this developing story.

Read more at Quiver Quantitative: US July Housing Starts Jump 5.2%, Building Permits Decline