the numbers construction of new homes fell 8 in june as us homebuilders sharply slowed down starting on new singlefamily homes and focusing on finishing existing projects the pace of construction slowed from a jump of nearly 16 the previous month housing starts fell to a 143 million annual pace last month from 156 million in may the government said wednesday the data measures how many houses would be built over an entire year if construction took place at the same rate in every month as it did in june the data fell short of economists’ expectations on wall street the numbers are seasonally adjusted both single and multifamily construction fell in june keen interest from wouldbe home buyers is creating strong demand for new homes these buyers continue to face a lack of options in the resale market builders ramped up construction in response to the demand in june but now appear to be focused on finishing those projects and moving through inventory market reaction us stocks djia spx were set to open higher early wednesday the yield on the 10year treasury note tmubmusd10y fell below 375