US singlefamily housing starts tumble in August

WASHINGTON (Reuters) – U.S. single-family homebuilding fell in August, likely as a resurgence in mortgage rates weighed on demand for new construction. Single-family housing starts, which account for the bulk of homebuilding, dropped 4.3% to a seasonally adjusted annual rate of 941,000 units last month, the Commerce Department said on…Read More

Leave a Reply

Your email address will not be published. Required fields are marked *