RTTNews - Housing starts showed an unexpected decrease in the month of July, according to a report released by the Commerce Department on Tuesday, with the data likely to lead to some renewed concerns about the outlook for the housing market.

The report showed that housing starts fell 1.0 percent to an annual rate of 581,000 in July from the revised June estimate of 587,000. Economists had expected starts to rise to 598,000 from the 582,000 originally reported in the previous month.

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