U.S. building permits fall to 2-year low

Applications for building permits nationwide, an indication of future construction, fell in June to its lowest since May 2017.
The Commerce Department said Wednesday that permitting was down 6.1% in a month to 1.22 million. But U.S. home construction starts last month was running 6.2% above June 2018 levels though it’s slowed of late.
Construction was started at a seasonally adjusted annual rate of 1.25 million in June. On a month-to-month basis, that was down 0.9% from 1.27 million in May