Rolling coverage of the latest economic and financial news
- Latest: UK manufacturing suffers worst quarter since 2009
- Introduction: markets fear cliff-edge Brexit
- Pound has fallen back to $1.325
- Full story: Brexit: Boris Johnson will amend bill to outlaw extension
The US housing market is benefiting from low mortgage rates, and is propping up the wider economy. Construction of single-family houses – the largest share of the housing market – rose 2.4% to 938,000 units, the highest level since January. The number of multi-family homes started jumped 4.9% to 427,000.