Residential construction ended the second quarter on a stronger note as groundbreaking on new homes rebounded in June at the fastest clip in four months, Commerce Department data showed Wednesday. Highlights from Housing Starts (June) • Residential starts increased 8.3 percent to a 1.22 million annualized rate (est. 1.16 million) • Starts for May were revised to 1.12 million from 1.09 million • Permits, a proxy for future construction, climbed 7.4 percent to a 1.25 million annualized rate The pickup in construction last month reflected more starts of single-family homes as well as apartment and other multifamily ... (full story)