Reported 20 days ago
In August, US housing starts recorded a 9.6% increase, reaching an annualized rate of 1.36 million, marking the fastest pace since April. Despite a previous decline, the increase reflects a rebound in residential construction due to falling borrowing costs and brighter demand prospects. Building permits also rose, indicating future construction activity, although builders remain cautious due to high inventory levels of unsold homes. The latest data suggests a mixed outlook for the housing market as single-family home construction sees a revival while multifamily projects decline.
Source: YAHOO