eyeonhousing.org
Multifamily Gains Lift Overall Starts Despite Single-Family Decline – Eye On Housing
Strong multifamily growth pushed overall housing starts higher in June, while single-family production remained sluggish as elevated mortgage rates, rising construction costs and persistent labor shortages continued to weigh on the market. Overall housing starts increased 19.0% in June to a seasonally adjusted annual rate of 1.43 million units, according to a report from the…
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