Reported 5 months ago
In June, housing starts increased by 3%, with single-family home construction at an eight-month low. Rick Palacios Jr. from John Burns Research & Consulting discusses the housing market dynamics, highlighting a significant decline in multi-family housing starts and characterizing the year as 'haves vs. have-nots' for homebuilders. Publicly traded builders are thriving, while private builders struggle, resulting in a stagnant environment for single-family housing starts. Palacios recommends a Federal Reserve rate cut to stimulate growth, which would benefit both multi-family and single-family housing starts in the current market climate.
Source: YAHOO