A 26.2 percent slowdown in multifamily starts contributed to an overall 9.9 percent decline in housing starts in June, though the total is still up 10.4 percent from a year ago.
Rep. Blake Farenthold (R-TX) has reintroduced the "Innocent Sellers Fairness Act," which would provide product liability protection to businesses that sell products but do not manufacture them.
The global market for green construction materials is expected to grow from this year's peak of $116 billion to more than $254 billion by 2020, according to a report from Navigant Research.
The average cost of materials used by the construction industry fell 0.1 percent in June, but climbed 1.5 percent compared with June 2012, according to the Associated General Contractors of America's analysis of data from the U.S. Bureau of Labor Statistics.
Housing construction and home prices grew nationally from late May through Early July. Production of lumber and building materials also increased. While builders started work on fewer homes in June, applications for permits to build single-family houses reached their highest level in five years.