The Commerce Department reported a 3% rebound in US housing starts in June compared with the previous month, to an annualized rate of 1,353,000, following a 4.6% fall in May (revised from an initial estimate of -5.5%).

U.S. housing permits - which are supposed to foreshadow future housing starts - rose by 3.4% to 1,446,000 last month. Finally, housing completions climbed 10.1% to 1,710,000.

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