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Overall Housing Starts Down in May – tEDmag
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Drop in multifamily production lowers overall housing starts - Floor Covering News
Lexington, N.C.—A sharp decline in multifamily production pushed overall housing starts down in May, while single-family output fell almost completely flat due to economic and tariff uncertainty coupled with elevated interest rates, according to the National Association of Home Builders (NAHB). Overall housing starts decreased 9.8% in May to a seasonally adjusted annual rate of 1.26 million units, according to a report from the U.S. Department o…
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