U.S. housing starts fell 5.2% in September to an annualized rate of 1.22 million, the second-lowest level in six years, according to the Census Bureau. Why it matters: Homebuilders continue to pull back on new construction as elevated mortgage rates, ...
The U.S. housing construction sector continued to struggle in August, with building permits, housing starts and completions all declining, according to new data from the Census Bureau. Why it matters: Building permits, a gauge of future construction, fell 2.7% to ...
July delivered a sharply mixed picture for residential construction, with building permits jumping to a five-month high while housing starts plunged to one of their lowest levels in six years. Why it matters: Permits suggest builders are preparing for more ...