Reported about 13 hours ago
In May, U.S. single-family homebuilding rose 0.4% to an annual rate of 924,000 units, according to the Commerce Department, although permits for future construction fell by 2.7% to 898,000. Despite the increase in starts, the housing market faces challenges from rising construction costs due to tariffs and higher mortgage rates, leading to decreased builder sentiment and a potential decline in future construction.
Source: YAHOO