Construction on new homes snaps uptrend, hitting key source of new supply
None Construction on new single-family homes fell 7% to a seasonally adjusted annual rate of 935,000 units. • None This is a turnaround from May's surprising 18.7% surge. • None Multifamily housing starts fell 11.6% to 482,000 units, the lowest since December. Housing starts fell in June as higher…
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