Single-family permits decline in March; housing starts rise overall

Industry News

istock.com/fstop123 WASHINGTON — The single-family housing market continued to show signs of softening in March as permits and starts declined due to rising mortgage interest rates and ongoing supply chain bottlenecks that continue to delay construction projects and raise home building costs. Due to strong multifamily production, overall housing starts increased 0.3% to a seasonally…

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