New US residential construction declined in May to the slowest pace since the onset of the pandemic as an elevated inventory of homes for sale and high mortgage rates sapped the motivation to build.
US single-family homebuilding dropped to near a 1-1/2-year low in July due in part to Hurricane Beryl’s disruption of activity, but rising new housing supply could limit a rebound. The fifth straight ...
Terry Lane is a writer for Investopedia with 25 years of experience in journalism and communications. He covers personal finance, Congress, government regulations, and economics. FREDERIC J. BROWN/AFP ...
The annual pace of new home construction pulled back last month after soaring in November, despite a historic shortage of housing inventory and falling mortgage rates. Housing starts came down by 4.3% ...
Single-use plastics are a persistent source of environmental pollution, and the need to house a growing global population ...
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