Single-family homebuilding surged in July amid an acute shortage of previously owned houses, but mortgage rates climbing back to near two-decade highs could stifle growth in new construction.
Single-family housing starts, which account for the bulk of homebuilding, jumped 6.7% to a seasonally adjusted annual rate of 983,000 units last month, the Commerce Department said…
This story from nypost.com was posted on 2023-08-17 by @violet.