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.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: CNN - 🏆 4. / 95 Lire la suite »
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
La source: CNN - 🏆 4. / 95 Lire la suite »