New US home construction falls in August
New home construction sank in August amid elevated mortgage rates, according to data from the U.S. Census Bureau.
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Sep 19, 2023, 7:33 PM
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Updated 311 days ago
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5ds agoNew home construction sank in August amid elevated mortgage rates, according to data from the U.S. Census Bureau.
New construction dropped 11% from July’s levels as housing starts slipped to their lowest level since June 2022.
