U.S. housing starts weaken in July as market slowdown continues: NAHB

Econ & Housing, The Daily Buzz

A sharp decline in single-family home construction is another indicator that the housing slowdown is showing no signs of abating, as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act as a drag on the market. Overall housing starts fell 9.6 per cent to a seasonally adjusted annual rate of 1.45…

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