According to BlockBeats, on August 16, the United States reported that the annualized number of new housing starts for July was 1.238 million units, falling short of the expected 1.33 million units. The previous figure was revised from 1.353 million units to 1.329 million units.

Additionally, the total number of building permits issued in July was 1.396 million units, which also did not meet the anticipated 1.429 million units. The previous figure remained unchanged at 1.446 million units.