New home starts fell 8.5 percent from July to August as builders continued to react to the negative economic outlook, according to data from the U.S. Census Bureau.
Source: Inman News
Does this new housing data foreshadow a recession?
Published in Agent, bright mls, Brokerage, Buddy Hughes, builder sentiment, Construction Labor Market, Construction Quit Rate, first american, hannah jones, housing affordability, housing inventory, inventory levels, lisa sturtevant, nahb, national association of home builders, New home construction, new home permits, new home starts, New Permits, Odeta Kushi, realtor.com, Residential Building Activity, Select, single-family construction, Single-Family Home Permits and U.S. Census Bureau
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