Housing market is still going strong and propping up the economy

Contractors frame the roof of a home under construction in Park City, Utah on August 14, 2020. U.S. home construction starts rose 17% in June, with builders ramping up production as lockdowns eased.

The housing market continues to be a bright spot in the United States economy that has been ravaged by coronavirus.

The government said Tuesday that building permits and housing starts both surged in July and easily topped economists' forecasts.

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