US Homebuilding Sees Significant Increase in February Amid Challenges

Reported 1 day ago

U.S. single-family homebuilding experienced a notable rebound in February, rising by 11.4% to an annual rate of 1.108 million units, according to the Commerce Department. However, rising construction costs due to tariffs and labor shortages pose significant challenges to this recovery. Builders also reported a decline in future construction permits, citing concerns over elevated material costs and labor issues amid immigration crackdowns.

Source: YAHOO

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