Reported 2 days ago
In March, U.S. single-family housing starts fell to an eight-month low, dropping 14.2% to an annual rate of 940,000 units, according to the Commerce Department. Rising material costs due to tariffs are exacerbating the decline, despite recent decreases in mortgage rates. Builders report increased expenses averaging $10,900 per home due to these tariffs, which, along with a lack of incentive to start new projects, is further dimming the outlook for the housing market.
Source: YAHOO