Housing starts rose 2.1 percent in July, landing at a seasonally adjusted annual rate of 1.21 million units, the Commerce Department said Tuesday. The July figure was 5.6 percent above the July 2015 rate. Permits for new construction, which are considered a gauge of future demand, were 0.1 percent below June’s rate, landing at an annual rate of 1.15 million.
FDIC extends comment period for Genius Act implementation
The FDIC announced that it will push back to May the deadline for comment on its proposal to create a process through which banks can seek agency approval to issue stablecoins through a subsidiary.









