Reported about 21 hours 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