Economic Watch: Housing sector underscores U.S. economic worries

by Matthew Rusling

WASHINGTON, July 20 (Xinhua) -- New construction of U.S. homes dropped in June to the lowest level since September, underscoring worries that the United States is on a slow path downward.

The slide occurred after new homes construction took a nosedive the previous month, pushed by a drop in demand.

Residential housing starts decreased 2 percent last month to a 1.56 million annual