U.S. housing starts drop to nine-month low in June

New U.S. home-building activity fell to a nine-month low in June and permits for new construction projects slipped as well, the latest indication of a cooling housing market as surging mortgage rates reduce affordability. $LGI Homes(LGIH.US)$ $UMH Properties Inc(UMH.US)$ $Mid-America Apartment Communities Inc(MAA.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$ $S&P 500 Index(.SPX.US)$