WASHINGTON -- Housing construction fell short of expectations again in July, yet most analysts say they still expect the market to pick up modestly throughout the rest of the year.

Their comments came yesterday after the Commerce Department reported that housing starts fell 2.7% in July to a seasonally adjusted annual rate of 1.212 million units. Economists generally had expected little or no change in July starts.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.