WRAPUP 1-Food boosts U.S. inflation, housing data weak

(Reuters) - The pace of U.S. home construction rose 2.3 percent in June
but building permit activity, a sign of future construction
plans, sank to its lowest rate in 10 years according to
government data, flagging further weakness in the lackluster
housing market.




"Home builders have hardened to the fact that housing will
not recover soon," said Christopher Low, chief economist with
FTN Financial in New York.


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