A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows overall housing starts decreased 5.2% in September.
Data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau report sales of newly built single-family homes increased 6.4% in August to a seasonally adjusted annual rate of 684,000.
Single-family housing starts declined in April as builders faced continued economic uncertainty and affordability challenges, including higher construction costs, ongoing labor shortages, and elevated financing expenses.