Single-family housing starts fall

Single-family housing starts fall

WASHINGTON — U.S. single-family homebuilding fell for a third straight month in June while permits for future construction dropped to the lowest level in 10 months, weighed down by higher mortgage rates and a glut of unsold new homes on…

Multifamily housing starts boost June construction activity

Washington, D.C.—Strong multifamily construction pushed overall housing starts higher in June, offsetting continued weakness in the single-family market according to the National Association of Home Builders (NAHB). Overall housing starts increased 19% in June to a seasonally adjusted annual rate of 1.43 million units, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Single-family starts dec…