Construction of new homes fell 8% in the US last month | CNN Business

Housing starts, a measure of new home construction, dropped to a seasonally adjusted annual rate of 1.43 million, under economists’ expectations for 1.48 million, according to data released Wednesday by the Census Bureau. The number of units was down 8.1% from a year ago.

Builders remain ‘cautiously optimistic’ Builder confidence remains high despite concerns about rising rates. A separate survey released on Tuesday from the National Association of Home Builders revealed that the lack of inventory in the existing home market — as current homeowners hunker down with their ultra-low interest rates — continues to boost home builder sentiment even as their costs remain high.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Retail sales rose in June for third straight month | CNN BusinessSpending at US retailers rose in June for the third month in a row, in a subdued show of resilience from American consumers.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

Strong home-buying demand boosts builders’ business outlook to the highest level since June 2022Home builder sentiment rose for the seventh month in a row in July, the National Association of Home Builders said.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Elizabeth Warren asks SEC to investigate Tesla | CNN BusinessDemocratic Senator Elizabeth Warren asked the SEC to investigate Tesla and its board of directors to determine whether they violated securities laws after CEO Elon Musk took over Twitter last year.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »