High mortgage rates, slowing homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains.
Source: Inman News
Market headwinds stifled new construction growth in June
Published in bright mls, Dr. Lisa Sturtevant, first american, housing completions, housing starts, joel berner, Markets & Economy, multifamily housing starts, New Residential Construction report, Odeta Kushi, realtor.com, Select, single family housing starts and US Census Bureau
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