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.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
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.
Lees verder »
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.
Lees verder »
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.
Lees verder »