New housing starts in the United States fell in July, exceeding expectations for an increase in building permits.

New housing starts in the US fell more than expected in July and building permits increased, highlighting how persistent shortages of materials and workers continue to dampen construction activity. Housing starts fell 7% last month to a three-month low of 1.53 million units on an annual basis, according to government data released on Wednesday. However, building permits increased by 2.6% in July. Based on the median forecast from a previous survey of economists, economists expect housing starts to fall slightly to 1.6 million units in July, while building permits are expected to rise. Builders are trying to overcome raw material and labor constraints to build houses and reduce backlogs

新浪財經Aug 18, 2021 22:25

South Korean banks worry about household loans reaching a record 1040 trillion won to exacerbate the bubble

Loans to households by South Korean banks increased by 9.7 trillion won in July to 1040 trillion won, a record high and the largest monthly increase on record, according to data released by the Bank of Korea on Wednesday. this supports the view that the Bank of Korea has raised interest rates this year to curb the risk of a debt bubble. Loans by South Korean banks to households exceeded 1000 trillion won for the first time in February as the Bank of Korea kept borrowing costs low and injected liquidity into markets hit by the epidemic. The debt-driven rise in real estate and other asset prices in South Korea has raised concerns that this overheating could eventually turn into another crisis.

新浪財經Aug 11, 2021 13:49