The news throughout this pandemic is not necessarily all bad, certainly on the economic front.
Figures released Tuesday by the U.S. Commerce Department showed home building picked up for a third straight month in July. It's the latest sign the housing sector is emerging as one of the few areas of strength in an economy suffering a record slowdown because of the COVID-19 pandemic.
Housing starts increased by 22.6% — far more than expected — to a seasonally adjusted annual rate of 1.496 million units last month. Data for June was revised up to a 1.22 million-unit pace from the previously reported 1.186 million.
Economists had forecast starts would increase to a rate of 1.24 million units.
