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US single-family housing starts rebound in August; building permits fall
Single-family permits also fell 1.8% as higher mortgage rates and borrowing costs continued to weigh on builder sentiment, the Census Bureau said.
5 Articles
5 Articles
US single-family housing starts rebound in August; building permits fall
US single-family homebuilding increased in August, but a drop in permits for future construction suggested the improvement was likely temporary as rising inflation because of the war in the Middle East boosts mortgage rates.
·London, United Kingdom
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The number of building permits issued in the United States rose year-on-year in August but fell month-on-month, reflecting continued pressure on the US housing market, according to official data released Thursday. What does this mean? The data indicates that rising mortgage interest rates in the US, coupled with escalating construction costs due to the war, are contributing to the decline. [The article "US Building Permits Rise Year-on-Year but …
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Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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