The building permits index was also released for July, where building permits fell by 3.2% to an annual rate of 597 thousand, compared with the prior revised estimate of 617 thousand, and below expectations of 605 thousand.

The U.S. released the housing starts for the month of July, where housing starts dropped by 1.5% to an annual rate of 604 thousand, compared with the prior revised estimate of 613 thousand and above expectations of 600 thousand.