Reported 2 days ago
New home construction in the U.S. has declined by nearly 10% as builders adopt a 'wait-and-see' strategy amid concerns over demand and housing affordability. Danielle Hale, chief economist at Realtor.com, notes that while there is uncertainty in the market reflected in the slowdown of housing starts, there are positive signs such as an increase in home completions. However, despite flat permit data indicating a slight optimism, builders are hesitant to proceed with new projects until market conditions become clearer.
Source: YAHOO