Single family housing starts off 2.2% in July

• Weeding out volatile multiple-family figures, July single-family starts of 591K fell 2.2% from June's revised figure of 604K. The 591K print is the lowest since last November as higher interest rates sap some of the market's energy.
• July building permits of 943K is 2.7% above June's revised rate of 918K.
• A few homebuilders premarket: TOL +0.7%, LEN +0.6%, PHM +1.2%.
• Homebuilder ETFs: XHB, ITB, PKB.
• Full report.