New Home Construction Keeps Sinking As Housing Market Demand ‘Quickly’ Dries Up

Topline New housing starts unexpectedly plunged more than economists projected in June as home builders grappled with the effects of rising interest rates curbing demand for new homes, according to data released Tuesday, adding to signs of an abrupt turnaround in the booming housing market. Key Facts The number of housing starts, or ​​new houses…