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Rising Rates Are Slowing Home Construction

John Pataky | Photo credit: TIAA Bank Privately owned housing starts in February fell 10.3 percent month over month and 9.3 percent year over year to a seasonally adjusted annual rate of 1.4 million, according to the U.S. Commerce Department. Single-family starts in particular were down 8.5 percent from January. “Housing starts underperformed this month with reports of rising interest rates, which recently hit their highest level since July and have cooled the market slightly,” John Pataky,...
United States Odeta Kushi John Pataky Us Commerce Department First American ஒன்றுபட்டது மாநிலங்களில்
Source: inman.com

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