U.S. Permits & Housing Starts Drop Year-Over-Year; Only 90 of 384 U.S. Metros See Increases
At the beginning of 2022, residential construction was humming along as demand was still fueled by the pandemic buying frenzy. But, that’s changing: During the first six months of 2023, both permits and started units recorded significant year-over-year drops.
Source: smdp.com