Single-family starts fall to two-year low

Econ & Housing, The Daily Buzz

istock.com/photovs WASHINGTON — Increased interest rates, building material supply chain bottlenecks, and elevated construction costs continue to put a damper on the single-family housing market. For the first time since June 2020, both single-family starts and permits fell below a 1 million annual pace. Overall housing starts fell 2.0% to a seasonally adjusted annual rate…

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